INQUIRER.net: Eurozone economy shrinks 0.2% in 1st quarter

INQUIRER.net Philippine News for Filipinos

Eurozone economy shrinks 0.2% in 1st quarter Jun 6th 2013, 00:26 BRUSSELS—The 17-nation eurozone continued stuck in recession for a sixth consecutive quarter in the first three months of 2013, with the economy shrinking 0.2 percent, official data showed Wednesday.   Compared with first quarter 2012, the eurozone economy contracted 1.1 percent, the Eurostat statistics agency said, more than the initial estimate of 1.0 percent.   For the 27-member EU, the economy shrank 0.1 percent compared with the last three months of 2012, and 0.7 percent compared with a year earlier, it said.   Among the major economies, Germany edged up 0.1 percent in the first quarter compared with the last quarter of 2012, with France down 0... Keep on reading: Eurozone economy shrinks 0.2% in 1st quarter Media files: european-central-bank.jpg (image/jpeg)

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