Sunday, July 13, 2014





Eurozone awaits official drop into recession


February 19. 2013 5:26PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


463d31ff7190477190523c01cc322d69.jpg



(AP) Official figures due Thursday are expected to show the 17-country eurozone is in recession, though only just.


The eurozone has dodged recession during its three-year debt crisis, mainly thanks to the strength of its largest single economy, Germany.


But even Germany is struggling now as confidence drains in the face of the turmoil afflicting large parts of the eurozone, mainly the southern economies of Greece, Spain, Italy and Portugal.


Five eurozone countries are already in recession, officially defined as two straight quarters of economic contraction. Thursday's figures may see more joining them.


Analysts expect the eurozone economy contracted by a quarterly rate of 0.1 percent in the third quarter. Following a 0.2 percent decline in the second quarter, that would put the eurozone in recession.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds