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From Joe

Two of the eurozone's biggest economies have fallen into recession, according to the latest economic figures.

Italy and the Netherlands both saw their economies shrink by 0.7% in the fourth quarter, the second consecutive quarter of economic contraction.

Germany had its first negative quarter since 2009 with a decline of 0.2%, compared with the previous quarter.

But in France there was surprise growth of 0.2% at the end of last year, attributed to healthy export growth.

Overall the 17 nations that make up the eurozone saw economic activity shrink 0.3% in the fourth quarter. By comparison the United States reported growth of 0.7%. Continue reading the main story �Start Quote

   Greece may be burning. Growth may be slowing. But the recognised German barometer of hope over fear shows far more Germans looking on the bright side than those down in the dumps�

End Quote image of Stephen Evans Stephen Evans BBC News, Berlin

   * Germany: Reasons to be cheerful

The eurozone has not slipped into recession as it reported growth of 0.1% in the third quarter. 'Better than feared'

For 2011 as a whole, the French economy grew by 1.7% and Germany 3%.

Europe's debt crisis has already pushed Greece, Portugal and Belgium into recession, defined by two consecutive quarters of contraction.

Economists forecast that Germany is likely to avoid that scenario and say the latest growth figures could have been worse.

"This is better than feared after retail sales and industrial production turned out badly in December. The decline is due to the euro crisis. It caused a drastic loss in confidence among companies and consumers." said Christian Schulz, an economist at Berenberg Bank.

"Action from the ECB and the government has restored confidence. There is hope that we will emerge quickly from the economic dip. We expect growth again in the second quarter at the latest, provided that the euro crisis remains under control." he said.

www.abercrombieandfitchuparis.com I believe the official ve

Jcxp.com reports - Microsoft's next-generation Web browser Internet Explorer 7 Beta2 new screenshots today appeared in the network ,louboutin pas cher, the version number 5291 . Microsoft 's official website ,jordan,

already mentioned the presence of the IE 7 Beta 2,louboutin, Build 5 291 ,air jordan, I believe the official version will soon be released .

According to our previous reports ,moncler, Microsoft Windows XP version of IE 7 will be released in the first quarter of next year ,, the first public beta Beta version - new features including support for tabbed browsing and RSS reader .

Web experience report .

Click here to see Microsoft's official website Build 5291


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