Click on the link for a map:
http://blogs.wsj.com/moneybeat/2013/11/14/live-blog-whats-happening-to-gdp-in-the-euro-zone-countriesThe euro-zone GDP figures are in for the third quarter, and the bloc looks like it’s faltering.
Economic activity in Germany grew by 0.3%, a slowdown from the prior quarter, and in France it fell by 0.1%, indicating that the euro zone’s nascent recovery faltered in the summer. Between them, they account for almost half of total euro-zone output.
Austria, which accounts for 3.2% of total euro-zone GDP, grew 0.2%, the Czech Republic contracted by 0.5% but Hungary beat expectations with growth of 0.8% from the second quarter. The Netherlands, accounting for 6.3%, rose by 0.1% from the second quarter and Italy, which accounts for 16.5% of euro-zone GDP came in in line with expectations with a decline of 0.1%. Portugal‘s economy grew 0.2% from the second quarter. Greece came in with a 3.0% decline.
The big figure, combined euro-zone GDP, came in at 0.1% growth. That’s a slowdown from 0.3% growth in the second quarter.
The recovery, we know, is soft and fragile.
