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EUROZONE GROWTH HAS been revised downwards to 1.4 per cent for 2011, according to newly-released figures by Eurostat.
The EU statistical office lowered the bloc’s GDP growth from the previous estimate of 1.5 per cent.
It said that GDP had contracted 0.3 per cent in the final quarter of 2011 in comparison to output in the previous quarter.
Third-quarter growth was 0.1 per cent, according to the revised figures – down from previous estimates, which had reported 0.2 per cent growth.
In comparison, the final quarter of 2010 saw GDP in the eurozone rise by 0.7 per cent.
If growth were to continue to contract in the first quarter of this year, the bloc would technically fall into recession once more – as recession is defined by two successive quarters of contraction.
Analyst Howard Archer of IHS Global Insight told the Guardian:
Despite some recent overall improvement in eurozone surveys and evidence that Germany is returning to growth, we doubt that the eurozone will be able to avoid further contraction in the first quarter of 2012 and very possibly the second.
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Food and drink is where it’s at, and there’s room for future growth too.
And not one technology company, which is probably a little worrying. No dot com companies either, which given the latest fiasco in this area – the Facebook floatation – is probably not a bad thing!
AIB has a market cap of about €300m, not the €26,000m plus stated here. It may have had billions upon billions of taxpayers’ money pumped into it but that all went down a bottomless pit of property loan losses in order to pay back German banks.
Aside from tax loopholes and exploiting whatever they can in order to make money CRH,like nearly all modern business,are building a Apartheid Wall for the Israelis
How CRH makes some of its profits..
http://www.bdsmovement.net/2012/irish-and-palestinian-activists-to-crh-stop-cementing-apartheid-9057
What about the ESM listings? Personally I’d find them more interesting as this list is quite predictable.
No surprises at all really.
Some of the above (AIB in particular) have their shares listed on the ESM
have your say