ECONOMICS COMMENTARY
May 15, 2013
Eurozone stuck in recession at start of 2013
The eurozone economy contracted for the sixth successive quarter at the start of 2013, with gross domestic product declining 0.2% in the three months to March. The economy has now shrunk 1.5% since peaking in the third quarter of 2011 in a double-dip recession that leaves the economy still 3.4% lower than its pre-crisis peak.
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