Eurostat, January 7, 2011 data showed, after adjustment for the third quarter of 2010 the euro area gross domestic product (GDP) growth of 0.3% qoq, 0.4% lower than expected; an increase of 1.9 %, with the expected flat.
2010 in the second quarter, the eurozone economy had achieved growth of 1% of the chain. Weakness in consumer spending, the third quarter of 2010 the euro zone economic growth slowed significantly in the three months ended in September, the euro area economy is still primarily dependent on export-led and inventory building, more vulnerable to sluggish domestic demand and instability in other countries, the impact of economic recovery.
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money is plotting a new data showed the euro zone the third quarter of 2010, household consumption chain increased by 0.1%, an increase of 0.3% lower than expected; and business investment also cautious quarter gross fixed capital companies were down 0.3%, far less than the previous quarter growth of 2.0% qoq.
German Institute for Economic Research (Ifo) and the French Institute of Statistics and Economic (Insee) of the view that members of the implementation of fiscal austerity and external demand flat in 2011, the euro zone economy could continue to slow growth . The two agencies expect the fourth quarter of 2010 euro zone GDP will grow 0.4%, slightly higher than the growth rate of 0.3% in third quarter; but the first quarter of 2011 and second quarter, the euro-zone GDP growth will slow to 0.3%.
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