All Posts Tagged With: "european GDP"

Eurozone Gross domestic product (GDP) Records Fastest Drop in 13 Years

Gross domestic product (GDP) in the 16-country Eurozone fell the most in 13 years in the first quarter as industrial exports plummeted, the European Union’s statistics office in Luxembourg reported Friday.  However, some analysts are convinced the data indicates an economic bottom has been reached.

Eurozone economic activity dropped 2.5% from the fourth quarter, the biggest drop since the data was first compiled in 1995.  The drop exceeded the 2% decline economists forecast in a Bloomberg News survey.

“The markets seem to be suggesting a real danger that we are about to see a six- to eight-week period that is very risk-…

18May2009 | Money Morning | 0 comments | Continued

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