[img]http://news.bbcimg.co.uk/media/images/72281000/jpg/_72281928_72281924.jpg[/img]
[quote]The eurozone's economy grew by 0.3% in the final three months of 2013, up from 0.1% growth in the previous quarter.
It was the third quarter of growth since the end of an 18-month recession, the longest period of contraction to affect the single currency area.
The eurozone figures include 17 of the EU's economies. Latvia became the currency zone's 18th member in January.
Across the whole 28-nation EU, including the UK, growth for the October-to-December period was 0.4%.[/quote]
[quote]Andrew Walker
BBC World Service Economics correspondent
The eurozone's slow rehabilitation continues.
It has now managed three consecutive quarters of growth as the wider economy responds to the calmer conditions that now prevail in the region's financial markets.
But it is still distinctly sluggish; certainly not robust enough to be likely to make much of an impact on the serious jobs problem suffered by some countries.
The best that can be said is that unemployment has stabilised. Nor is the growth strong enough to dispel the growing concern that the eurozone might be heading for deflation (falling prices).
Economic activity is still 2.7% below the peak it reached in 2008, before the full onset of the financial crisis.
There is one small landmark in the new data - the Italian economy managed to grow for the first time since mid-2011. But the rate was even more feeble than the eurozone average.[/quote]
[url]http://www.bbc.co.uk/news/business-26185159[/url]
This is good news, maybe one year from now when I'm done with college I'll be able to find a job...
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