Eurostat Reveals Gap Between Eurozone and EU's GDP Growth Rates

GDP growth of the 17 members of the eurozone fell by 0.3% during the third quarter of 2013, compared to same period last year, according to Eurostat, the statistical office of the EU.

By contrast, GDP growth across the whole of the 28-member EU grew by 0.2% for the third quarter of 2013, year on year.

The eurozone's year on year 0.3% growth shrinkage for the third quarter of 2013 was less than the 0.4% contraction which had previously been predicted by Eurostat.

Romania saw the sharpest growth in the third quarter of last year, compared to the second quarter, at 1.6%; Ireland came second at 1.5%; and Latvia was third at 1.3%.

France and Croatia registered decreases in growth of 0.1% quarter on quarter.

GDP rose by 0.1 % in the eurozone in the third quarter of 2013, compared with the previous quarter.

It rose by 0.3 % across the 28-member EU compared with the previous quarter,

During the third quarter of 2013, GDP in the United States grew by 1.0% compared with the previous quarter