Euro-Region Economy Contracts as Investment, Exports Decline
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Europe’s economy contracted in the fourth quarter as investment declined by the most since 2009 and exports and consumer spending dropped.
Gross domestic product shrank 0.3 percent from the third quarter, the European Union’s statistics office said today, confirming an estimate published on Feb. 15. Exports fell 0.4 percent after a 1.4 percent gain in the previous three months, while household spending declined 0.4 percent and investment dropped 0.7 percent.