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3/3/11

Eurozone growth confirmed at modest 0.3 percent

The eurozone economy grew a modest 0.3 percent in the fourth quarter of 2010, official data confirmed Thursday, amid fears Portugal may lack the strength to overcome an unrelenting debt crisis.

As European governments count down towards a self-imposed March 25 deadline for resolving the bloc's sovereign debt crisis, Eurostat agency figures showed the 17-nation eurozone behind the United States but moving ahead of Japan in the last quarter of the year.

The United States posted 0.7 percent growth between September and December 2010 but Japan saw gross domestic product fall by 0.3 percent.

For more: Eurozone growth confirmed at modest 0.3 percent: EU - Latest news around the world and developments close to home - MSN Philippines News

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