Economic report ushers in eurozone recession

11/14/2008 | International Herald Tribune · NYTimes.com

The eurozone's economy shrank 0.2% from July to September, creating the start of the region's first technical recession, according to the EU's statistics office. That is the second consecutive quarterly decline. France, the eurozone's second-largest economy, resisted the trend, pumping out 0.1% growth. But Nos. 1, 3 and 4 -- Germany, Italy and Spain, respectively -- all moved into decline, dragging the overall figure into negative territory.

View Full Article in:

International Herald Tribune · NYTimes.com

Published in Brief: