Euro-Zone Economy Returns to Expansion

November 17, 2009 at 8:00 am

BERLIN — The euro-zone economy returned to modest growth in the third quarter, marking an apparent end to five quarters of recession, but the region’s recovery looks set to be anemic, economists said.

Economic activity in the 16-nation euro-currency zone expanded at an annualized rate of 1.5% in the period from July to September, according to calculations based on data from the European statistics agency Eurostat. Germany, Europe’s biggest economy, led the recovery, expanding at an annualized rate of 2.9%, thanks to strengthening exports and business investment.(By MARCUS WALKER and BRIAN BLACKSTONE, The Wall Street Journal, NOVEMBER 16, 2009)

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Entry filed under: Business Development, Business Environment, European Union, Global Business, NKITA.

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Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
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