Slower growth adds to eurozone woes

Article reports that Eurozone gloom was being compounded in August 2011 by a marked slowdown in growth across the region, with even Germany’s economy losing momentum.

Gross domestic product data for the three months April-June 2011, showed the eurozone had not escaped the soft patch hitting other parts of the world – adding to the difficulties facing its policymakers as they combatted the region’s escalating debt crisis.

ESO: Background information: French economy stalls in second quarter http://www.europeansources.info/record/french-economy-stalls-in-second-quarter/

BBC News, 16.8.11: German economic growth slows sharply http://www.bbc.co.uk/news/business-14539502

Deutsche Welle, 16.8.11: German economy grows slower than expected in second quarter http://www.dw-world.de/dw/article/0,,15318674,00.html

Spiegel Online International, 16.8.11: German Slowdown Sapped Euro-Zone Growth in Second Quarter http://www.spiegel.de/international/business/0,1518,780470,00.html

Eurostat: Press Release: STAT/11/118: Flash estimate for the second quarter of 2011 Euro area and EU27 GDP up by 0.2% +1.7% in both zones compared with the second quarter of 2010 http://europa.eu/rapid/pressReleasesAction.do?reference=STAT/11/118&format=PDF&aged=0&language=EN&guiLanguage=en

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