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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (699111)2/14/2013 8:44:05 PM
From: bentway1 Recommendation  Read Replies (2) of 1579675
 
Krugman was right... austerity kills

Euro zone economy plunges deeper into recession

Economic output in the 17-country region fell by 0.6 per cent in the fourth quarter, the EU’s statistics office Euros tat said on Thursday, following a 0.1-per-cent drop in output in the third quarter

The drop was the steepest since the first quarter of 2009 and more severe than the average forecast of a 0.4-per-cent drop in a Reuters poll of 61 economists.

For the year as a whole, gross domestic product (GDP) fell by 0.5 per cent

It marked the currency bloc’s first full year in which no quarter produced growth, extending back to 1995.

theglobeandmail.com
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