Published on Feb 19, 2013
http://www.euronews.com/ More signs of global economic slowdown have emerged.
The world's richest countries - those in the Organisation for Economic Cooperation and Development - saw a contraction in economic activity in the final three months of last year.
The eurozone continues to struggle and economists expect the region to decline again in the current quarter before finally returning to moderate growth later this year.
OECD economists said the eurozone suffering a steep drop at 0.6 percent from the previous quarter, Japan's GDP fell 0.1 percent and the US economy neither grew nor shrank.
For all the 34 OECD members, the decline was 0.2 percent.
...The world's richest countries - those in the Organisation for Economic Cooperation and Development - saw a contraction in economic activity in the final three months of last year.
The eurozone continues to struggle and economists expect the region to decline again in the current quarter before finally returning to moderate growth later this year.
OECD economists said the eurozone suffering a steep drop at 0.6 percent from the previous quarter, Japan's GDP fell 0.1 percent and the US economy neither grew nor shrank.
For all the 34 OECD members, the decline was 0.2 percent.
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