Friends and Traders Forum

Euro-zone fourth-quarter GDP unrevised at +0.1%
By:Haligonian
Date: Thursday, 4 March 2010, 6:25 am

Euro-zone fourth-quarter GDP unrevised at +0.1% (by William L. Watts)

LONDON (MarketWatch) -- Gross domestic product across the 16-nation euro zone grew by just 0.1% in the final quarter of 2009, the European Union statistics agency Eurostat affirmed Thursday. Compared to the same period in 2008, GDP declined by a seasonally-adjusted 2.1%. Both figures were unrevised from Eurostat's preliminary estimates. Third-quarter annual GDP was revised lower to show a fall of 4.1% from a previous estimate of 4%. Third-quarter GDP was unrevised on a quarterly basis, showing growth of 0.4%. For the full year, euro-zone GDP decreased by 4.1% in 2009.