Home > Features and Commentary > In brief > Europe's recovery stalls
Europe’s economy is barely growing, according to GDP data released earlier this month.
Data from Eurostat revealed that growth in the 16 nations using the euro single currency was 0.1 percent in the final quarter of 2009, compared with 0.4 percent growth in the third quarter.
The Economist Intelligence Unit attributed anaemic growth in Europe to a lack of spending by consumers in the euro-zone as well as the fact that a strong currency was making it hard to tap demand in the rest of the world.
“That there was any improvement at all was largely down to France, where a burst of consumer spending lifted the economy by 0.6 percent,” The Economist said.
“In the region’s other big countries, GDP was either flat—as in Germany—or falling, as in Italy and Spain.”
16 February 2010
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