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Euro Zone Economy Skirts an Official Recession, but Growth Is Minimal.
- Source :
-
New York Times . 5/16/2012, Vol. 161 Issue 55773, p3. 0p. - Publication Year :
- 2012
-
Abstract
- FRANKFURT -- It's way too early to call a turning point. But while Greeks were marching in the streets against austerity, their economy may actually have been growing for the first time since 2009. That surprise news resided deep within first-quarter economic data for Europe released Tuesday that also showed, to everyone's mild relief, that the euro zone as a whole has still avoided slipping into a regional recession. Greece, where the economy has been in free fall, ''grew'' only after adjusting for seasonal effects -- a calculation made by economists at Barclays. The Greek government did not provide an official figure. [ABSTRACT FROM AUTHOR]
- Subjects :
- *EUROZONE
*RECESSIONS
*ECONOMIC development
*AUSTERITY
ECONOMIC conditions in Greece
Subjects
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 161
- Issue :
- 55773
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 75228593