Eurozone economy contracts in Q3

Note: This section contains information in English only.
Source: Investing.com
The Eurozone economy shrank in the third quarter of 2012 in line with economists' expectations, according to the official data by Eurostat on Wednesday. The Euro bloc's GDP contracted 0.1% in the July to September period, compared to a 0.2% decline in the second quarter. On annual basis GDP fell 0.6%. 

"The danger of the eurozone's split is over. But we shouldn't be off guard," said European Commissioner for Economic and Monetary Affairs Olli Rehn.  "Achieving economic growth is our major concern, so we must implement structural reforms to ensure it," he added. "Fiscal consolidation should be implemented at the early momentum". 

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