13:18 23-07-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Euro-zone recovery picks up

Bishkek (AKIpress) - euro zone The euro zone economic recovery picked up speed in the final quarter of 2013, suggesting the currency bloc is slowly finding its footing after a pair of recessions that pushed unemployment to record highs and led to crippling downturns in southern Europe, The Wall Street Journal reported.

Gross domestic product increased 1.1% at an annualized rate during the fourth quarter, the European Union’s statistics office said, the third-straight quarter of growth. GDP was up 0.3% from the third quarter on a nonannualized basis.

The expansion was led by Europe’s largest economy, Germany, which benefited from a rise in exports. Economic growth extended to struggling parts of the euro bloc including France, Spain and Italy.

Growth in the euro zone remains far below the rates that typically occur after recessions, raising doubts whether the region will be able to make a dent in high joblessness and generate enough output to ease debt burdens in southern Europe.

German GDP, which accounts for 30% of the euro zone total, expanded 1.5%, at an annualized rate. The region’s second-biggest economy, France, expanded at a 1.2% annualized rate after stagnating the previous quarter. Italy’s GDP expanded for the first time since 2011.

 

 


Twitterfacebookprint
16:55 14.02.2014
LATEST NEWS
13:15 UN to direct $8.7 mln for Kyzylorga region development program 2014-201613:14 Tajikistan's gold and foreign exchange reserves increase by 3% in H1 201413:03 Kyrgyzstan expects funding from EDB for construction of 2nd turbine of Kambar-Ata-2 HPP by late 201412:59 Uzbekistan establishing State Institute of Dentistry12:56 Defeated presidential candidate plans to challenge Indonesia poll result12:54 Kyrgyz government projects no price growth with good wheat yield in Kazakhstan12:50 KMG EP says it increased oil production by 0.2% in H1 201412:50 Kyrgyz government extends 4.2 billion som in concessional loans to farmers in H1 201412:46 Kyrgyzstan affected by dry hydrological cycle12:43 Foreign Ministry of Turkmenistan receives Dominican Ambassador12:41 Kyrgyz government to pay utmost attention to economic growth12:34 Dozens placed in quarantine after China bubonic plague death12:33 OSCE calls on Tajikstan’s authorities to restore access to Odnoklassniki12:29 Railway wagons with fuel held up in Kazakhstan not behind fuel price growth in Kyrgyzstan – PM Otorbayev12:24 Kazakh Foreign Ministry to assist its fellow citizen stuck in Israeli combat zone12:19 Uzbek fighters win 4 gold medals at World Martial Arts Championships in U.S.12:17 Kyrgyzstan prepares for upcoming winter with no gas coming from Uzbekistan12:12 Kyrgyz government urges switchover to coal amid growing electricity shortage12:02 Big combined heat and power plant to be built on Kara-Keche coal field11:58 PM Otorbayev notes contruction boom in Bishkek
Astana
+20° C
Ashgabat
+35° C
Bishkek
+36° C
Dushanbe
+37° C
Tashkent
+36° C
exchange rates
 
69.91
51.85
8.36
1.48
247.60
183.53
29.59
5.24
6.65
4.96
0.80
0.14
3172.31
2328.16
375.17
66.21
3.84
2.85
0.46
0.08

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75