Eurozone GDP dip confirmed at -0.1% in Q2 2009; Bank of Ireland’s McLaughlin says global recession is probably over
Sep 2nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone GDP was confirmed today by Eurostat, the EU's statistics office, to have fallen by 0.1% and by 0.2% in the EU27 during the second quarter (Q2) of 2009, compared with the previous quarter. In the first quarter of 2009, growth rates were -2.5% in the Eurozone and -2.4% in the EU27. Eurostat's flash estimate of August 13th was unchangd for the Eurozone and revised up from -0.3%. Separately, Bank of Ireland's Dan McLaughlin, says the global recession is probably over.