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Europe Daily Bulletin No. 9855

6 March 2009
GENERAL NEWS / (eu) eu/economy
Euro area and EU27 GDP down by 1.5%

Brussels, 05/03/2009 (Agence Europe) - GDP fell by 1.5% in both the euro area (EA15) and the EU271 during the fourth quarter of 2008, compared with the previous quarter, according to first estimates released by Eurostat, the Statistical Office of the European Communities. In the third quarter of 2008, growth rates were -0.2% in the euro area and -0.3% in the EU27. Compared with the fourth quarter of 2007, seasonally adjusted GDP declined by 1.3% in both the euro area and in the EU27, after...

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