GDP data show that: the euro area may fall into a mild recession_Steel News_News

GDP data show that: the euro area may fall into a mild recession

Release Date:2012-05-05 Hits:536
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Eurostat data show that the fourth quarter of 2011 estimated value of ring decreased 0.3%, an increase of 0.7%; the same period in EU-27 GDP to decline 0.3%, an increase of 0.9% of the GDP of the euro area 17 countries. From the data throughout the yearWorld Steel Pipe , the euro zone 2011 GDP growth to 1.4 percent, an increase of 1.5% in the EU.

The first three quarters of 2011 World Pipe network informed, the euro area and EU GDP chain are positive growth year-on-year growth rate is maintained at more than 1%, fourth quarter GDP data show that the European economy may be plunged into a mild recession such as the market expected.

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