Eurozone economy shrinks 2.5 per cent in 1st quarter
For the 27-member EU, GDP fell 2.4 percent quarter on quarter and 4.7 percent year on year. In the first quarter of 2009, all EU member states for which seasonally adjusted GDP data are available registered a negative growth compared with the previous quarter, except Poland (+0.4 percent) and Cyprus (0 percent).
In the first quarter of 2009, household final consumption expenditure declined by 0.5 percent in the Eurozone and by 0.6 percent in the whole EU.
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