Euro zone economy expands 0.3% in Q4

| February 15, 2011
Euro zone economy expands 0.3% in Q4

Eurostat, the European Union’s statistics office, has today revealed the euro zone economy grew by 0.3% in the October to December period.

It also follows growth of 0.3% in the previous quarter.

For the 2010 year, growth for the 17-member euro zone was 1.7%.

Meanwhile, growth for the 27 countries that make up the EU as a whole was 0.2% in the fourth quarter.

The figures come shortly after it was revealed the German economy grew by 0.4% in the fourth quarter.

In the meantime, France’s economy grew by 0.3% in the October to December period.

Italy’s growth was just 0.1% while weaker nations such as Greece and Portugal contracted by 1.4% and 0.3% respectively.

Spain experienced growth of just 0.2%.

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