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Eurozone Growth Lower Than Projections

Eurozone growth failed to meet expectations in the fourth quarter of 2010 growing by 0.3 percent and well under the previous year’s 2.0 percent growth. For all of 2010, the Eurozone economy grew by 1.7 percent.

“This will be disappointing for the market… but at the same time we have seen very good industry surveys so we can expect other growth engines, exports and investment, those are the drivers that will count,” said Dominique Barbet, economist at BNP Paribas.

Source: BBC News

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Posted by Staff at 7:16 am UTC, 05/24/2012
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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%