Euro area avoids recession

Brennan, Henry
May 2012
Fundweb;5/15/2012, p10
Trade Publication
The article offers information that the euro area (EU17) has narrowly avoided falling back into a technical recession in the first quarter of 2012. It states that following a contraction of 0.3 percent in the fourth quarter of 2011, both the EU17 and wider EU27 areas were in danger of following Great Britain's back into recession. It mentions that a further contraction has been avoided. It states that eight of the 17 euro area members managed economic growth in the first quarter.


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