Eurozone: GDP falls 0.2% in Q1, as expected

FXstreet.com (Barcelona) - On a quarterly basis Eurozone GDP dropped 0.2% in the first quarter of 2013, up from the 0.6% decrease registered the previous quarter, Eurostat reported on Wednesday. This result is in line with consensus.

Year-over-year Eurozone GDP declined 1.1% in Q1, following the 0.9% fall in Q4 and slightly below forecasts of -1%.