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Friday, May 12 2006 @ 01:25 AM Central Daylight Time
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The economy of the European Union (EU) in the first quarter of 2006 grew by 0.06 percent from the last quarter of 2005.
According to the EU’s official statistic institution Eurostat, the average growth of 12 countries in the Eurozone reached 0.06 percent.
In the last quarter of 2005, the growth rate was announced as 0.04 percent, and the growth of the Eurozone was 0.03 percent.
Calculations for last 12 months, which are the sum of the last three quarters of 2005 and the first quarter of 2006, indicates the EU’s growth was 2.2 percent and the growth of the Eurozone countries was two percent.
At the end of the first quarter, the growth rate for 12 months is reported as:
Lithuania, 7.4 percent; Greece, 4 percent; Spain, 3.5 percent; Finland, 2.8 percent; Austria, 2.3 percent; Britain and Belgium 2.2 percent each; Italy, 1.5 percent; and Germany, 1.4 percent.
The United States, on the other hand, as the most important competitor of EU, realized a 2006 first quarter growth of 1.2 percent and 3.5 in the last four quarters. |
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