Eurozone exits recession after five quarters

Statistics published on the 13 November 2009 show that the eurozone emerged from recession in the third quarter of 2009, but the speed of its escape fell short of expectations – and the pace set by the US.

Eurostat: News Release No.161, 2009: Euro area GDP up by 0.4% and EU27 GDP up by 0.2% http://ec.europa.eu/eurostat/en/web/products-press-releases/-/2-13112009-AP

European Commission: DG Economic and Financial Affairs: Economic databases and indicators: Euro-Area GDP growth projection http://ec.europa.eu/economy_finance/db_indicators/db_indicators9239_en.htm

ESO: Background information: Eurozone data raise GDP hopes http://www.europeansources.info/record/eurozone-data-raise-gdp-hopes/

BBC News, 13.9.09: Eurozone emerges from recession http://news.bbc.co.uk/1/hi/business/8358227.stm

Deutsche Welle, 13.11.09: European economy returns to growth in year's third quarter http://www.dw-world.de/dw/article/0,,4891260,00.html

France24, 13.11.09: Europe emerges from recession, but questions remain about sustainability http://www.france24.com/en/20091113-europe-emerges-recession-eurozone-eu-growth-uk-spain-economy-credit-finance

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