Tuesday, August 14, 2012

Economy - Voice of America: European Economy Shrinks

Economy - Voice of America
economy-and-business
European Economy Shrinks
Aug 14th 2012, 11:11

The economy in the debt-crippled eurozone shrank in the second quarter of this year, after showing no growth in the first three months of 2012. Statistics released Tuesday show the gross domestic product in the 17-nation bloc contracted by 0.2 percent compared to the previous quarter. Germany - the eurozone's strongest economy - grew by a stronger-than-expected 0.3 percent. France posted its third consecutive quarter with stagnant growth.  The country's central bank said last ...

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