Eurozone avoids recession, but long growth battle ahead
- Published: 15 May 2012 at 16.48
- Online news: World
The eurozone avoided recession with zero growth in the first quarter, official data showed on Tuesday surprising analysts who had expected worse but still warn of a long, hard uphill slog.
The flight control tower is seen behind cranes and the main terminal (left) at the new Berlin airport in Schoenefeld, 2011. The eurozone logged zero growth in the first three months of the year, the EU said, narrowly avoiding recession after a 0.3-percent contraction in the last quarter of 2011.
The 17-nation single currency area showed zero growth in the first three months of the year, the European Union said, after a 0.3-percent contraction in the last quarter of 2011.
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