Arab Today, arab today advanced economies shrink in fourth quarter of 2012
Last Updated : GMT 10:42:23
Arab Today, arab today
Arab Today, arab today

OECD data: EU output down by 0.5%

Advanced economies shrink in fourth quarter of 2012

Arab Today, arab today

Arab Today, arab today Advanced economies shrink in fourth quarter of 2012

Advanced economies grew by 1.3% throughout 2011
Paris – Arabstoday

Advanced economies grew by 1.3% throughout 2011 Paris – Arabstoday The economies of advanced countries shrank in the final quarter of last year, giving a twist to broad slowdown in 2012, data from the Organisation for Economic Cooperation and Development (OECD) showed on Tuesday. And in the whole of 2012, OECD economies grew by 1.3 percent from the level in 2011, when output had expanded by 1.9 percent.
Overall, the economies of OECD countries shrank by 0.2 percent in the fourth quarter of last year after a rise of 0.3 percent in the third quarter.
The economy of the United States slowed down to about zero growth in the fourth quarter from growth of 0.8 percent in the third quarter.
On a 12-month comparison, the OECD economies grew by 0.7 percent, a sharp slowdown from growth of 1.2 percent in the third quarter.
The Organisation for Economic Cooperation and Development, which groups 34 advanced countries, said that the contraction in the last quarter, from output in the previous quarter, was the first since a sharp reversal of 2.3 percent in the first quarter of 2009.
Output by the 27 members of the European Union shrank by 0.5 percent, the OECD said, highlighting contraction of 0.6 percent in Germany, the first since early in 2009.
The economies of Britain and France shrank by 0.3 percent, a reversal from growth of 0.9 percent in Britain in the third quarter of and 1.0 percent in France.
The Italian economy continued shrinking for the sixth quarter in a row, by 0.9 percent, the biggest setback since the first quarter of 2009.
In the third quarter Japan had shown the sharpest slowdown of the top seven countries and in the fourth quarter it shrank by less, by 1.0 percent.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today advanced economies shrink in fourth quarter of 2012 Arab Today, arab today advanced economies shrink in fourth quarter of 2012

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today advanced economies shrink in fourth quarter of 2012 Arab Today, arab today advanced economies shrink in fourth quarter of 2012

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday