Euro zone GDP has been declining for a year now

15 Nov 2012 by Jim Fickett.

Today Eurostat reported GDP figures through Q3 of 2012. The trend for the euro zone has been down for four quarters now, with the latest year-over-year change at -0.6%. For the wider European Union the trend is closer to flat, with the latest quarterly change very slightly positive, and the year-over-year change at -0.4%.