Subscribe Register Login

Saturday, August 30, 2014, 7:27 a.m.
Top Picks - Arkansas Daily Deal

Eurozone reenters recession in 3rd quarter

By The Associated Press

This article was published November 15, 2012 at 7:16 a.m.

— The 17-country eurozone has fallen back into recession for the first time in three years as a sprawling debt crisis took its toll on the region’s stronger economies.

And with surveys pointing to increasingly depressed conditions across the eurozone at a time of high unemployment in many countries, there are fears that the recession will deepen, and make the debt crisis even more difficult to handle.

Official figures Thursday showed that the eurozone contracted by 0.1 percent in the July-to-September period from the quarter before as economies including Germany and the Netherlands suffer from falling demand.

The decline reported by Eurostat, the EU’s statistics office, was in line with market expectations and follows on from the 0.2 percent fall recorded in the second quarter.

As a result, the eurozone is officially in recession, commonly defined as two straight quarters of falling output.

Comments on: Eurozone reenters recession in 3rd quarter

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Frontdesk&lasertech

    medical office - 2 Openings: Front Desk & Laser Technician S...
    NORTH LITTLE ROCK, AR

  • Dir. of admissio

    director of admissions and financial aidjob Summary:The Dire...
    LITTLE ROCK, AR

  • Cncsawoperator&wareh

    Pipe & Tube Supply, Inc. accepting applications for CNC Saw ...
    LITTLE ROCK, AR

  • Sales rep

    fairfield bay area need a fulltime salesperson in russellvi...
    Little Rock, AR

  • Carriers wanted

    earning from $800 to $1,100 per month for a few hours each ...
    Texarkana, AR

Search 928 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online