- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- US Economy Mired in 'Form of Depression': Rosenberg
- Strong Banks, Weak Credit: Treasury Rethinks TARP
- Weak Dollar Is Golden for Mining Companies
- How Many US Consumers Will Shop this Weekend?
- GE Capital Losses May See Dramatic Fall: JP Morgan
- Galleon's Rajaratnam Denies Inside Trading Charges
- Hormel Profit Jumps Despite Declining Sales
- Heinz Profit Falls, Raises Full-Year View
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- China Eastern to Complete Shanghai Air Buy by End '09
- Gold Will Collapse Like Oil Did in 2008: Charts
- Wave of Debt Payments Facing US Government
- Paul: Audit the Fed
- Weak Dollar Is Golden for Mining Companies
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- JAL Slides to Record Low on Bankruptcy Jitters
- Nielsen Ratings Coming to Video Games
Text Size 
The euro zone economy jumped out of recession in the third quarter, data showed on Friday,
but with slightly less spring than expected after the area's top three economies fell short of market forecasts.
 |
CNBC.com |
Economists polled by Reuters had on average forecast quarterly growth of 0.5 percent and a 3.9 percent annual decline.
Germany, France and Italy all reported a third-quarter increase in economic output, but the German 0.7 percent quarterly growth was below expectations of 0.8 percent, the French 0.3 percent increase only half of what was expected and the Italian 0.6 percent fell short of the 0.7 percent consensus.
The growth ends the deepest economic downturn in Europe since World War Two, brought on by a global financial crisis, but economists say recovery is likely to remain fragile.
The European Commission forecast on Nov. 3 that fourth-quarter growth would slow to 0.2 percent quarter-on-quarter in the last three months of 2009 and then to 0.1 percent in the first two quarters of 2010.
Growth is seen accelerating steadily from the third quarter of 2010 to reach 0.5 percent in the second quarter of 2011.
- Warren Buffett and Bill Gates discuss the economy and other subjects with CNBC's Becky Quick.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- A diet high in fat and sugar might actually be good for your portfolio.
- One shopper explains why he gets up at 3am on the day after Thanksgiving to go shopping every year.
- From the AIG&T to the Merrill Lychee, Jane Wells lists this year's holiday cocktails.
Data is a real-time snapshot *Data is delayed at least 15 minutes