MW: Euro-zone GDP fell unrevised 1.5% in fourth quarter
Gross domestic product across the euro zone saw a 1.5% quarterly decline in the final three months of 2008, the statistical agency Eurostat reported Thursday, unrevised from a preliminary estimate. The decline was the steepest since records began in 1995. Compared to the final quarter of 2007, GDP shrank 1.3%, revised from an earlier estimate of a 1.2% fall, the statistical agency said.
