Euro-Zone Stays Growth-Free

The euro-zone is going for a fourpeat.
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The euro-zone is going for a fourpeat.

The euro-zone economy seems unlikely to emerge this quarter from a contraction that has already lasted for nine months, despite a low rate of unemployment in Germany, its largest member.

The Centre for Economic Policy Research and the Bank of Italy Thursday said their Eurocoin indicator—which is intended to estimate quarter-on-quarter growth in gross domestic product—showed the euro-zone economy shrank again in February, although at a slower pace than in recent months.

The euro-zone economy contracted by 0.6% in the fourth quarter of last year, having also shrunk in the second and third quarters.

Well, at least they've wiped the smirks off those damned bankers' smug faces. Right?

Euro-Zone Slump Set to Continue [WSJ]

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