Eurozone Economy Expands 0.2%

15 November 2011 - Which Way to Pay

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Eurozone Economy Expands 0.2%

The third quarter saw the economy throughout the 17 nations of the eurozone grow by 0.2% from the previous quarter according to the EU. The figure was hiked by good economic performances from France and Germany. Economists still however forecast recession across the single currency nations.

The growth throughout the period was exactly as economists predicted when polled by Reuters. The positive forecasts came regardless of the sovereign debt crisis that is badly weakening business confidence in many countries and putting consumers off spending.

The worsening outlook could add to pressure for the European Central Bank to further ease its monetary policy in the hope of supporting the region's economy.

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