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5/16/07

SanDiego.com-- Euro zone Q1 GDP growth slips but outstrips U.S. - by Brian Love


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Euro zone Q1 GDP growth slips but outstrips U.S. - by Brian Love

Euro zone economic growth lost some of its pace in the first quarter of 2007, but maintained an edge over the United States despite a tax rise in Germany which was the biggest since World War Two.

Economists responded positively to official estimates on Tuesday that growth slowed to 0.6 percent in the 13-nation euro currency area from 0.9 percent the previous quarter, and predicted at least one more interest rate rise from the European Central Bank.

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