MW: Euro-zone fourth-quarter GDP contracts more than expected
The final three months of 2008 produced a record 1.6% quarterly fall in euro-zone gross domestic product, the European Union statistics agency Eurostat reported Tuesday in its final estimate. The agency had previously estimated the contraction at 1.5%. Compared to the final quarter of 2007, GDP fell 1.5%, compared to a previous estimate of a 1.3% drop.
