Markets  |  February 14, 2013 08:50:00

GDP of France and Germany failed

GDP Germany
Gross domestic product (GDP) of Germany in the fourth quarter declined qoq by 0.6 percent, the most since the global crisis, the deepest point in the first quarter of 2009, when Europe's largest economy fell by 4.1 percent. Analysts had expected a milder decline by 0.5 percent.

Compared German GDP in the 4th quarter increased by 0.1 percent. For comparison, in the third year quarter could strengthen by 0.4 percent. German economy in the last quarter of last year, the most paralyzing weakening export.

GDP of France
French economy in the fourth quarter fell by 0.3 percent, and approached the German economy as a recession (two consecutive quarters of negative GDP growth). Economists had expected a bit milder decline, by 0.2 percent.Most analysts expect the GDP of France falls in the first quarter of this year and the country is thus finds itself in a recession.

Overall, the euro zone's second largest economy stagnated in 2012 after growth of 1.7 percent in 2011. France economic outlook for 2013 is uncertain. He stressed yesterday that the French Prime Minister Jean-Marc Ayrault, when on Wednesday night said the government due to the weak economic growth will probably not be able to meet this year's public deficit target.

GDP in the Czech Republic
Gross domestic product (GDP) of the Czech economy in the fourth quarter declined qoq by 0.2 percent (analysts had expected a drop of 0.3 percent) and the year fell by 1.7 percent. For the full year 2012 the Czech economy fell by 1.1 percent.

At 10:00 we still preliminary GDP data from Italy and the eurozone. These are longer but after data from Germany and France (the two largest economies in the eurozone) studied less. Since the two economies disappointed investors with their results, there is little likelihood that we aggregate data to a common monetary union pleasantly surprised.

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