GDP Nosedives Across Atlantic

4th-quarter GDP drop signals worsening recession
By Matt Cantor,  Newser User
Posted Feb 13, 2009 6:20 AM CST
A woman sells peaches on the street in central Dublin, Ireland, Friday, Sept. 26, 2008.    (AP Photo/Peter Morrison)
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(Newser) – We're not alone: The euro zone’s recession worsened in the fourth quarter of last year as its GDP saw its biggest decline since records began in 1995, the Wall Street Journal reports. The GDP contracted 1.5% quarter-to-quarter and 1.2% since the year before, EU figures showed. Germany, the zone's biggest economy, recorded its biggest GDP plunge in 20 years, with France and Italy not far behind.