Posts Tagged ‘economic activity’
The Stagnation of The Economies of Germany and France Slowing Eurozone Growth
The economy of the European Union (EU) and the euro zone grew in the second quarter by 0.2% over the previous quarter, according to European statistics agency, Eurostat, which confirms the early estimates and pointed to a slowdown in economic activity. While the Gross Domestic Product (GDP) of the EU increased by 0.8% between January and March 2011, in the second quarter growth slowed to 0.2%, according to revised estimates from Eurostat, which has confirmed the Initial figures from last August. Read the rest of this entry »