▲ Up
 
00:39 24-11-2017
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Euro-zone recovery picks up
World | business | 16:55, 14 February 2014 | 659

AKIPRESS.COM - euro zone The euro zone economic recovery picked up speed in the final quarter of 2013, suggesting the currency bloc is slowly finding its footing after a pair of recessions that pushed unemployment to record highs and led to crippling downturns in southern Europe, The Wall Street Journal reported.

Gross domestic product increased 1.1% at an annualized rate during the fourth quarter, the European Union’s statistics office said, the third-straight quarter of growth. GDP was up 0.3% from the third quarter on a nonannualized basis.

The expansion was led by Europe’s largest economy, Germany, which benefited from a rise in exports. Economic growth extended to struggling parts of the euro bloc including France, Spain and Italy.

Growth in the euro zone remains far below the rates that typically occur after recessions, raising doubts whether the region will be able to make a dent in high joblessness and generate enough output to ease debt burdens in southern Europe.

German GDP, which accounts for 30% of the euro zone total, expanded 1.5%, at an annualized rate. The region’s second-biggest economy, France, expanded at a 1.2% annualized rate after stagnating the previous quarter. Italy’s GDP expanded for the first time since 2011.

 

 

LATEST NEWS
20:30 Six years of President of Kyrgyzstan Almazbek Atambayev19:34 Former Deputy Prime Minister appointed head of State Property Management Fund18:48 Pro bono advisers to president of Kyrgyzstan resign18:30 Atambayev passes amendments to Water Code of Kyrgyzstan allowing Davidov and Lysyi glaciers' mining17:42 South Korea agrees to provide $2.5 bln support to Uzbekistan17:41 Daughter of Kazakh president describes life in Kazakhstan as predicted for many years ahead17:32 World Ertaymash Federation tournament in Bishkek results in Kyrgyzstani fighter's protest17:28 Central streets of Bishkek to be blocked on President's inauguration day17:25 450 people invited to Sooronbai Jeenbekov's inauguration, budget approved at $120,00017:04 MP asks Russian-Kyrgyz Development Fund why it did not have Asia Mall in its list of projects that received loans from Fund16:54 Endangered animals and birds caught on camera traps in Salkyn-Tor nature park16:44 MP asks if "Economy Minister been to villages, stepped on the mud"16:25 We must sell Megacom: PM16:23 175 trucks gather at Chon-Kapka checkpoint16:11 Manas epic presented in Germany16:03 Ambassador of Kyrgyzstan holds bilateral meetings in Latvia15:44 American to fly in homemade rocket to prove Earth is flat15:40 Suicide and self-harm is increasing among teen girls, study finds15:36 Kyrgyzstan jumps 5 positions in FIFA ranking15:29 Prime Minister tells how much worsening of relations with Kazakhstan can affect economy of Kyrgyzstan at pessimistic scenario
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06