Latest News:  
Beijing   Light rain/Sunny    11 / 4 ℃  City Forecast

English>>China Business

Eurozone in recession as GDP down 0.1 pct in Q3


09:20, November 16, 2012

BRUSSELS, Nov. 15 (Xinhua) -- The GDP of the 17-nation eurozone fell by 0.1 percent during the third quarter of 2012 from the previous three months, figures from the statistical office of the European Union (EU) showed on Thursday.

According to flash estimates published by Eurostat, the GDP in the wider 27-member EU, meanwhile, rose by 0.1 percent. In the April-June period, the eurozone and the EU both saw their economic output contract by 0.2 percent.

This means the eurozone has officially fallen into technical recession, which is defined by two consecutive quarters of decline, though probably a short-lived one.

The European Commission has forecast the eurozone economy could return to positive growth in 2013.

【1】 【2】

We recommend:

A Decade of Fastest Development

Eastern Boom Lightens Western Gloom

Chinese firms 'potential Trojan horses'? slows

AVIC unveils new aircraft engines

Oct. data released, inflation slows

13th Int'l Automobile Industry Exhibition

China Int'l Industry Fair opens in Shanghai

Caofeidian coal wharf put into use

Galaxy Soho building in Beijing


Leave your comment0 comments

  1. Name


Selections for you

  1. China’s J-10 fighters give performances

  2. Daily Review of Airshow China

  3. Sky-gazers gather in N. Australia

  4. 'Gangnam style' life of young rich

  5. Luxurious antique style vessel with 5D cinema

  6. Galaxy Soho building in Beijing

  7. Su embroidery: stunning Chinese folk arts

  8. Who looks better?

Most Popular


  1. China should change growth model
  2. Bell Helicopter identifies China as strongest market
  3. RQFII quota expansion to bolster stock market
  4. IPR pirates face tougher prison terms
  5. Why 'Diaosi' gets so popular in China
  6. Reliance on investment should be reduced
  7. Live and let learn
  8. Coddled kids in need of tougher sports
  9. Commentary: Turning point for growth
  10. Airline outlook: Less turbulence, more profit

What’s happening in China

'Gangnam style' life of young rich in Chongqing

  1. Police warn seniors about telecom scams
  2. Wedding gifts on school uniforms?
  3. Tiger' parenting more like folk prescriptions
  4. Dead mosquitoes lead to road accident
  5. Rhinestone motorist fails to impress police