It’s Official: The Eurozone is in Recession
- Thursday, November 15, 2012, 12:01
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Eurostat announced today that Euro area GDP declined by 0.1 percent in the third quarter of 2012. This follows a 0.2 percent decline in the second quarter meaning the period fits the commonly-used rule-of-thumb that defines a recession as two consecutive quarters of declining GDP.
http://www.forbes.com/sites/karlwhelan/2012/11/15/its-official-the-eurozone-is-in-recession/
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