The Guardian.
The eurozone has tumbled into a double-dip recession as the crisis in Portugal, Spain and Greece spreads to other countries in the currency bloc.
Eurozone
GDP fell by 0.1% in the third quarter, after shrinking by 0.2% in the
second quarter, plunging the region into a recession that economists
fear could drag into next year.
The big surprise was the triple-A rated Netherlands,
which saw its economy shrink by 1.1% in the third quarter, dragged
lower by a 3.1% decline in investment and a 2.4% drop in exports.
Economists had expected Dutch GDP to contract by just 0.2%. Austrian GDP
also shrank by 0.1%.
