Eurozone avoids recession, zero growth first quarter

Tue, 05/15/2012 - 05:25 EDT - France24.com - Business

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The eurozone logged zero growth in the first three months of the year, the EU said Tuesday, narrowly avoiding recession after a 0.3-percent contraction in the last quarter of 2011.The surprise figure given by data agency Eurostat beat analyst expectations, which had been for a 0.2-percent decline in economic output across the 17-nation currency area from January to March.

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German Economy Contracts in $4th Quarter; Spain's Industrial Output Plunges 7%; UK Trade Deficit Widens; European Banks Wisely Hoard Cash
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(photo by me, available under cc license) The recession ends in Europe though this isn’t much of a recovery:
UK services sector growth eases triple-dip recession fears

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Eurozone avoids recession, zero growth first quarter

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