Wed, 06 Mar 2013 16:54:03 GMT
GDP in the Euro area slid 0.6% in the Q4 of 2012
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.