▲ Up
 
16:13 01-02-2015
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
15:19 Kyrgyz economy to change after joining Customs Union – First Vice PM Sarpashev15:15 $13.1 million needed for full rehabilitation of Torugart checkpoint – State Customs Service15:02 45 conflicts registered in border areas in Batken region15:00 Gazprom to deliver 450mln m3 of gas to Kyrgyzstan in 2015 – Miller14:50 Ministry of Social Development and UN Population Fund organize consultations on violence elimination14:47 Authorities comment on Kyrgyzstan's debt to UN that deprived country's right to vote14:41 Alcohol industry is sore subject in Kyrgyzstan – State Tax Service14:31 Two heavy trucks collide on Kyzyl-Bel pass creating traffic jam14:25 Customs border of Kazakhstan, Kyrgyzstan must fully open by May 1: PM Otorbayev14:22 16 Kyrgyz athletes to participate in semifinals in boxing tournament in Bishkek14:16 Working group for creation of medical workers association established in Kyrgyzstan14:14 UNDP hands Kyrgyzstan equipment worth $130,00014:02 Life in regions: At-Bashi resident cooks 300 national breads a day starting work from 2am12:16 IS chemical weapons expert killed in airstrike in Iraq US17:35 No universal calculation parameters for comparison of shadow economies of different countries exist – President’s Administration17:21 Economy Ministry proposes to adopt list of goods to be exported and imported under license17:19 Tajikistan, WB discuss prospects of cooperation in agricultural sector17:12 10 of 22 MP candidates fail Tajik language test17:02 Uzbekistan takes part in food festival in India16:58 Kids in one of children institutions claim they were photographed naked in shower and toilet: expert
Astana
-11° C
Ashgabat
+3° C
Bishkek
+3° C
Dushanbe
+5° C
Tashkent
+1° C
exchange rates
 
67.84
59.81
9.57
0.87
209.18
184.45
29.51
2.66
6.09
5.38
0.86
0.08
2830.23
2436.16
389.63
38.43
3.95
3.50
0.56
0.05

© AKIpress News Agency - 2001-2015. All rights reserved
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