The latest data from Eurostat shows that fewer than half of the euro zone’s economies are now growing. Real GDP in the EZ as a whole was 0.4 percent lower in the first quarter of 2013 than a year earlier. The worst news came from the bloc’s biggest economies:
Germany’s growth fell from 0.7 percent Y-o-Y in 2012 to 0.4 percent in Q1 2013. France slipped into negative territory with growth of -0.1 percent.
Prefer to look on the bright side? Tiny Estonia grew by a solid 3 percent, almost enough to offset the headlong dive of Cyprus, which clocked in at -8.7 percent.
Rather let the numbers speak for themselves? Here they are: