The eurozone economies made a weak start to 2010, posting only modest growth that was lifted by better figures from Italy. Growth to between January and March was 0.2%, after being flat in the previous three months. Compared with the same quarter in 2009, the combined economies of the 16 countries that use the euro grew 0.5%.
Throughout the 27-nation EU as a whole, which includes the UK, the first quarter also showed 0.2% growth. The figures, from the European Union's statistics office, Eurostat, showed that Greece's economy shrank by 0.8% in first quarter of 2010. Italy reported the fastest growth, of 0.5%, making up for a 0.1% drop over the previous quarter.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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