EU: Slovenia´s Economy Shrinks Fastest

BusinessEconomy ♦ Published: March 6, 2013; 14:33 ♦ (Vindobona)

Second estimate for the fourth quarter of 2012: Euro area GDP down by 0.6% and EU27 down by 0.5%. Compared with the fourth quarter of 2011, the growth rates come at -0.9% and -0.6% respectively.

EU: Slovenia´s Economy Shrinks Fastest / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

GDP fell by 0.6% in the euro area (EA17) and by 0.5% in the EU27 during the fourth quarter of 2012, compared with the previous quarter, according to second estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2012, growth rates were -0.1% and +0.1%…