Eurostat, the statistical agency of the European Union, confirmed Wednesday the economies of Europe barely moved in the first quarter. In the 17-member eurozone, the gross domestic product fell 0.1 percent compared to the same quarter of 2011. In the 27-member European Union, the GDP rose 0.1 percent compared to the same period of 2011, Eurostat said in the second of three estimates on economic output for the continent. The stagnant economies follow quarterly figures that were nearly as stagnant with annual gains of 0.7 percent in the eurozone and 0.8 percent in the EU from the fourth quarter of 2011 from the fourth quarter of 2010. By comparison, the GDP in the United States rose 0.5 percent in the first quarter compared to the final quarter of 2011. In Japan, the GDP rose 1 percent from the fourth quarter 2011 to the first quarter of 2012. In the annual quarter-to-quarter time span -- first quarter of 2011 to first quarter of 2012 -- the GDP in the United States rose 2 percent, while in Japan it rose 2.6 percent. In Europe, the highest gain from the fourth quarter of 2011 was in Latvia with the GDP up 1 percent. Compared to the first quarter of 2011, the highest gain was also in Latvia, up 5.5 percent, followed by Estonia, where the GDP rose 4 percent. The largest decline from the fourth quarter of 2011 was in Hungary with the index down 1.3 percent. The largest drop from the first quarter of 2011 was in Greece with a GDP decline of 6.2 percent.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor