Eurozone Q4 Economic Contraction Confirmed At 0.3%

06/03/2012 15:06 AST

The Eurozone economy contracted as initially estimated in the fourth quarter, with the economic setback reflecting widespread weakness in spending, investment and foreign demand amid fiscal squeeze and debt woes.

Gross domestic product suffered a 0.3 percent reduction in the fourth quarter from a quarter ago, second estimates from Eurostat confirmed Tuesday. The first contraction since the second quarter of 2009, limited the annual growth to 0.7 percent.

In the third quarter, GDP grew 0.1 percent sequentially and advanced 1.3 percent from a year ago.

That said, European Economic Affairs Commissioner Olli Rehn said he sees signs of stabilization in the region.

For more on this Click Here

RTT News
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 84.25 728,881
STC 58.25 198,883
RIBL 9.2 499,503
GFH 0.3
BURUJ 17 90,193
ADCB 6.15 4,544,057
ALMARAI 56.5 32,561
Recent News

Muscat stock market drops
Amid poor trading volumes, the MSM30 Index declined by 0.12 per cent to close at 5,531.45 points. The MSM Sharia Index closed at 848.57 points, down by 0.09 per cent.

Oman & Emirates Hold

CMA plans to authorise listing of Real Estate Investment Trust in Oman
A combination of Initial Public Offerings (IPOs), planned disinvestments by the government in state-owned entities, and the listing of Real Estate Investment Trusts (REITs) for the first time in the

Public sector drives Qatar’s loan book in September: QNBFS
Driven by the public sector, Qatar banks’ overall loan book climbed up 1.1% month-on-month (MoM) in September, QNB Financial Services (QNBFS) has said in a report. The loan book increased by 1.1% M

Malaysia eyes sukuk ties with Qatar
Plans are in the pipeline to invite the Qatar Financial Centre (QFC) and Qatar-based Islamic banks to visit Malaysia and explore avenues for partnerships in the sukuk market, a high ranking Malaysian

IMF acclaims Qatar’s strategy to diversify financing sources
Qatar’s plans to chart a course towards diversifying its financing sources has been well-appreciated by the International Monetary Fund (IMF). Commenting on Qatar’s ongoing efforts to tap the intern

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Looking ahead, what change you are more likely to make in investing in your domestic stock market?