Eurozone GDP growth decreases to 0.2% as several economies shrink

Source: Bloomberg
Economic development in the Eurozone surprisingly slipped to a moderate 0.2% advance in the January-March quarter of this year, down from a 0.4% forecast. While German economy showed a significant GDP increase, other major economies, such as France, Italy, the Netherlands and Portugal posted either stagnation or decline, putting pressure on the ECB to start new stimulus measures.
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Fri, 16 May 2014 14:16:03 GMT

Global equities fall to lowest since 2007

Global stocks dropped on Friday trading session with the world-wide index falling for the third straight day extending its losing streak to the longest one in four weeks as investors' risk appetite worsen after economic data from Europe. The MSCI world-equity index slipped as much as 0.2% to a level of 418.24, the least since November 2007.

Thu, 15 May 2014 10:25:03 GMT

Italian economy posts decline in first quarter

Italian GDP dropped unexpectedly in the January-March quarter of this year, the flash estimate data showed on Thursday. Economy plummeted 0.1% quarter-on-quarter after a 0.1% increase in October-December. Investors, however, waited for a slight 0.2% economic advance. On the annual basis, economy decreased 0.5%, slowing from a 0.9% plunge a quarter before.

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