January 7, 2011
The German economy may be experiencing a strong recovery, but the rest of the euro zone isn’t keeping pace.
And that’s unlikely to change in 2011. The European Union’s statistics agency Eurostat Friday said gross domestic product in the third quarter was 0.3% higher than in the three months to June, and 1.9% higher than the comparable period of 2009.
That was a downward revision from its previous estimate of third-quarter growth, and well down on the 1.0% expansion recorded in the three months to June.
By contrast, the U.S. economy grew by 0.6% and the Japanese economy by 0.9%.
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