GDP fell by 0,6% in the Euro area and by 0,5% in the EU27 during the fourth quarter of 2012, compared with the previous quarter. The biggest fall was recorded in Greece (-6,0%), Portugal (-3,8%), Cyprus (-3,0%) and Italy (-2,7%). The biggest growth of GDP was measured in Latvia (5,7%), Estonia (3,4%) and Lithuania (3,1%). The biggest European economy, Germany, grew by modest 0,4%. Over the whole 2012, GDP contracted by 0,5% in the Euro area and by 0,3% in the EU27. The statistics were published by the EUROSTAT, the statistical office of the European Union.

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