GDP in the Euro area slid 0.6% in the Q4 of 2012

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Source: epp.eurostat
GDP of the 17 nations sharing the Euro slid 0.6% in the Q4 versus the Q3 of 2012. Comparing Q4 of 2012 with the same quarter the year before, in the Eurozone GDP decreased 0.9%. During the whole year of 2012, GDP contracted by 0.6%.
"This was the worst quarter in the recessionary cycle," said Mads Koefoed, an economist at Saxobank. "The outcome of the Italian election increases uncertainty, but euro zone growth should come back towards the end of this year," he said.

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