SME Chamber President meets MDB Officials
22 April 2024
Malta Chamber of SMEs President Mr Paul Abela met MDB Chairman Leo Brincat and CEO...
German growth helps eurozone avoid recession
18 May 2012
Strong first-quarter growth in Germany but slump in Italy. – Germany's first-quarter growth was higher than predicted while other eurozone economies stagnated or shrank, according to figures released this morning.
Germany's economy grew 0.5% from the last quarter of 2011, five times as much as predicted by analysts. The growth was driven mainly by exports.
The eurozone economy as a whole stayed flat, avoiding recession.
But Italy's gross domestic product (GDP) shrank by 0.8% in the first quarter – the country's biggest drop in three years and worse than expected. France's GDP stayed flat, while the Dutch economy was down 0.2%.
The GDP of the EU's 27 member states grew 0.1% in the first three months of this year.
