Euro zone falls in recession

The Euro zone entered in recession, after its GDP dropped for the second quarter by 0.2%, according to the first estimations of the EU Statistics Office, Eurostat. In the second quarter of the year, the economy of the euro zone dropped by 0.2%, after a stagnation in April-June.

As compared to the similar period, last year, the euro zone economy increased by 0.6% and the EU economy by 0.8% after an advance of 1.4% and 1.7% in the second quarter.

In the third quarter, the population consumption rates remained unchanged in the euro zone, but increased by 0.1% in the 27 EU member states. Investments dropped by 0.6% and 0.8% respectively. In the same time, exports increased by 0.4% for the euro zone and 0.3% in the EU. Imports advanced by 1.7% in the euro zone and by 1.3% in the EU.