German economic recovery falters

The German economy failed to grow at all in the last three months of the year, with GDP unchanged compared with the previous quarter.
Meanwhile, France reported a 0.6% rise in GDP for the same three-month period – better than analysts expected.
Figures also showed the eurozone economy grew 0.1% in the same quarter.

This represents a slowdown in the economies of the 16-nation zone, which grew by 0.4% between July and September last year.
Official first estimates indicated that the Italian economy shrank by 0.2% after growing by 0.6% in the previous quarter.
They also showed that Spain and Greece remained in recession, with the Greek economy contracting by 0.8%.


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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza