Forex | Forex | Euro Zone GDP Contracted at A Slower Pace Beating Expectations! (13/08/2009 09:59:29)

Euro Zone GDP Contracted at A Slower Pace Beating Expectations!

The highlight of the week was on the gross domestic product being released in the euro zone, since lately from major economies, we have been witnessing a slower pace of economic contraction, which supports the fact that the global recession is easing, especially as GDP in the zone contracted topping estimates. The euro zone released its GDP for the second quarter advanced reading coming showing that the contraction narrowed to -0.1% which beat the market expectations of a contraction of 0.5


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