BRUSSEL – the worst recession since the Second World War in the EU region yesterday declared an end as economic growth in the largest trading bloc in the world.
Overall, both the user area of the euro (eurozone) which covers 16 states and the European Union (EU) which covers 27 countries to grow positively. The euro zone rose 0.4 percent and the European Union grew 0.7 percent in third quarter / 2009. The highest growth occurred in Germany with 0.7 percent increase followed by France with 0.3 percent growth pertsen economy that encouraged the rise of the Euro Zone. III/2009 quarter results are lower than the Reuters pollingekonom predicting 0.5 percent growth in quarterly and minus 3.9 YoY offerings.
? Euro zone has been out of the recession in the third quarter better than expected,? says HIS Global Insight economist Howrad Archer. The data was released Eurostat European Statistics Bureau said, in the previous quarter the economy in the 16 user countries shrinking 0.2 per cent euros, and had dropped to minus 2.5 percent in the quarter I/2009. ? However, the UK outside eurozone growth was negative 0.4 percent with 0.3 percent of Spanish, “he added.
“The contraction is enough to make pressure on European growth,? Eurostat said yesterday. Although the overall European economy in positive growth, but results are still below the growth in the United States (U.S.) is the third quarter / 2009 rose 0.9 percent percent in quarterly and 3.5 percent year on year. Based on input from the 17 European Union countries, 10 countries showed positive growth, and seven countries were still contracted.
Among the countries gross domestic product (GDP) was growing up was Italy with the largest magnitude 0.6 persen.Pertumbuhan Lithuania experienced by 6 percent and 2.8 percent of Estonia. Kandati as a whole has shown an improvement, some economists still doubt domestic demand sector and new export will be released next month. In addition, the European economy is also still dependent on household consumption and investment are still not recovered. ? In another world domestic demand is still the biggest weakness,? Analysts said the Credit Union Group Aurelio Maccario.
Growth in the French Quarter Menguat IV
French Economy quarter III / 2009 grew 0.3 percent. Yesterday, French Finance Minister Christine Lagarde expressed optimistic IV/2009 quarter growth increases. France could face a global attenuation is better than the developed countries lainnya.Negeri This mode made it out of recession in II/2009.Namun quarter, the unemployment rate keeps rising in which the quarter occurs III/2009 layoffs (layoffs) as much as 5500 workers.
? I hope to finish this year with confidence baik.Penguatan data and give a reason for us to expect it. We will start 2010 with good momentum,? Lagarde said yesterday.
French Economy for 2009 predicted to fall 2.5 percent due to impairment in the early years. Currently, the economy has grown. French Central Bank predicts economy will grow 0.5 percent in the quarter IV / 2009.
Prime Minister (PM) France Francois Fillon explained, the country economy can grow 1.5 percent in 2010. He admitted, that the government forecasts submitted to Parliament only in 2010 predicted to grow only 0.75 percent. French economic growth is slow can not create jobs baru.Lembaga National Statistics predicted the French unemployment rate will reach 10.1 percent at the end of 2009.
Minister of Labor reported the first semester of the total displacement / 271,300 recorded in 2009. Fillon rate, job creation requires 2 percent growth. According to ING economist Oscar Bernal, expects market growth of the French III/2009 quarter 0.6 percent.
He reminded, household debt and unemployment is still rising. French exports are also not directed to the market is still growing. ? It seems the French economic recovery is still rather weak and dependent on a stimulus package,? he said.
