GDP Stable in Europe In First Quarter

GDP remained stable in Europe in the first quarter of the year according to figures from Eurostat, the statistical office of the European Union. Growth rates for the fourth quarter of 2011 were 0.3% in both zones. Compared to the figures for 1st quarter of 2011 GDP decreased by 0.1% in the euro area and 0.1% in the EU27. In the same period 2011 GDP grew by 0.7% and 0.8% respectively.