Euro-zone growth slowed
Thursday, November 16, 2006
The economy in the EU euro-currency area grew by 0,5% in the last quarter, below the forecast of 0,7% and down from 0,9% in the second quarter.
We had less than expected growth in Germany and Italy, and grow in EU seems to have peaked, for this year at least, even if it is without rising inflation, that is expected to be 2,5% this year.
But since we live in a global economy, the performance of the U.S. economy in this next quarter will eventually boost Europe's growth. So the slowing growth is somewhat related to a more global slowdown in the economy.
The big surprise (or maybe not) is the fact that Spain remained even in the last three quarters with a 0,9% growth in each, maintaining the relatively strong GDP figures.
No big news here since Spain is now being chosen by international investors for the great performance of their markets, and is sided in performance with China.
posted by IntoBlogs @ 1:51 AM,
1 Comments:
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