9th June 2013

European GDP remain in red numbers

GDP in both the EU27 and the euro area remained in red numbers in the first quarter of 2013. The euro area GDP fell by 0.2% and GDP of the EU27 fell by 0.1%, compared with the previous quarter. In the fourth quarter of 2012, growth rates were -0.6% and -0.5% respectively. Compared to the same quarter of the previous year, GDP fell by 1.1% in the euro area and by 0.7% in the EU27.

Among the Member States, Lithuania (+1.3%), Latvia (+1.2%), Hungary and Romania (both +0.7%) recorded the highest growth compared with the previous quarter, and Cyprus (-1.3%), the Czech Republic (-1.1%) and Estonia (-1.0%) the largest decreases. However, the data of Ireland, Greece, Luxembourg and Malta were not available.

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Members of the American Chamber of Commerce in the Czech Republic