Gross domestic product across the 17-nation euro zone contracted by 0.3% in the final three months of 2011 compared to the third quarter, unrevised from an earlier estimate, the European Union statistics agency Eurostat reported Tuesday
That would translate into a roughly 1.3% annualized quarterly contraction, as measured by the U.S. government
Compared to the fourth quarter of 2010, GDP grew by 0.7% in the euro area
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