Econchar Teuro Gdp112009
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The European economy showed weak growth of 0.3% in the third quarter, recovering from its worst recession since WWII but remaining fragile as the UK economy continued to contract by 0.4% and unemployment in the Eurozone remained high. Exports from Germany and France helped compensate for reluctant consumer spending, but growth was below expectations in most European countries.
Econchar Teuro Gdp112009
- 1. European recovery fragile  The European Union´s economy stumbled out of its worst recession since World War II in the third quarter  Exports from Germany and France helped to compensate for reluctant spending by consumers  UK is still contracting, Euro and labor markets are hurting 0.7% 0.6% Third 0.2% 0.3% quarter -0.4% GDP disappoints Growth below expectations, UK still in coma in most of Europe Nov. 16, 2009 GAPA NEWS