Eurozone falls into second recession since 2009



Eurozone falls

Eurozone falls into second recession since 2009

 


London: The 17 eurozone countries was deleted again in an economic crisis for the first in three years, as the results from the region's economic problems was the feeling from Amsterdam to Athens. Reviews Director increasingly frustrated with conditions on the 17-Member group of at a time of austerity and high lack of employment, the economic crisis is to extend the forecast and the economic problems of debt - which since the last quiet - even harder to treat. According to Friday's official figures the euro zone reduced by 0.1% in September on Sept period from a quarter before as economic systems including Malaysia and suffer from the Holland must drop. The decline in Eurostat, reveals Research Office of the EU, was in line with the market objectives and follows drop-0 2% in the second one-quarter, documented. Thus the euro zone is officially in the economic crisis, often as two straight earnings fall described. The economic system of the eurozone shrank at annual amount of 0.2% during the July-September a quarter, according to calculations by capital business economics. "The eurozone is economical system continued its decline in Q4 and probably also in 2013 to - a good background for a more economic debt problems", said Eileen Taylor, an economist at Lombard Street research. Hard three years due to the euro-zone economic debt problems the area was the main focus of concern for the world's economic system. The low-cost system of the eurozone is valued at $ 9.5 billion, or $12.1 billion, which puts it on a par with the United States. The area with its 332 thousand individuals trade's largest customer is the United States and books suggest a decrease in emergency order.

While the United States it, recovery of own economic crisis of 2008 / 09 is simultaneously mixed managed and Chinese suppliers, Europe's economic systems were a strong performance on one way paddle - and there is little evidence of an improvement in the near future. Last week the Western Union professional arm forecast the euro-zone economic system less than 0.4% this season will receive. Then only a small 0.1% development in 2013. Investment had institution Lehman Bros, mainly thanks to the strength which prevents its largest single economic system, Malaysia the euro zone back to the economic crisis since the economic problems after the failure of the US economically. But difficulties as a burden in terms of the economic problems that large parts of the eurozone exports is also this nation now. Germany's economic system increased 0.2% in the third quarter one-quarter, down from a 0.3% improvement in the past a quarter. Last season, more than 0.9% 1.9% has halved Germany's annual amount of development. Germany's Chancellor Angela Merkel tried to strike a positive note when she spoke with correspondents in Germany Friday.

"I think we all work on always on our feet again quickly," she said. "We see that economic development is lowered by, in total, we have a small drop in the euro zone, but I'm also very positive, that we... our State preparation we again development will have this small decline." Perhaps the most extraordinary decline among the members of the euro zone in the Netherlands was seen, which has enforced tight strict measures. Its economic system a quarter fell 1.1% on the past. Five Nations of the euro zone is located in the economic crisis - people from France, the nation, people from France and Malta. These five are also in the middle of the economic Europe's debt problems and are splendid austerity actions, such as reductions of income and retirement benefits and improves the taxation in an attempt, which remain profitable. In addition to beating living requirements and the result of workers, these actions also resulted in a decline in the economic result and a strong lack of employment improve.

Spain and people from France have lack of employment rates of over 25%. Their young people perform more intense with every other person unemployed. Apart from the fact that there is a price for the Government, which has to pay more for services a great social and human price. Protests in European countries on Wed outlined the scale of resentment and economic reviews directed by the recession ever more intense, the comments of anger can get even louder.