According to Flash estimates for the fourth quarter (Q4) of 2009 released by Eurostat on February 12, GDP in the EU grew by 0.1%, the same in the Eurozone (+0.1%) compared to the previous quarter. That means a slowding down of the growth rates compared in Q4 compared to Q3 of 2009, when rates were +0.3% in the EU and +0.4% in the Eurozone.
Compared to the Q4 of 2008, Q4 09 GDP in the Eurozone was -2.1% and in the EU -2.3%, which is an improvement over Q3 0f 09.
So while EU and its Eurozone grew 0.1%, the US economy grew 1.4% compared with the previous quarter.
Over the whole year in 2009, Eurozone GDP fell by 4.0% and EU GDP fell by 4.1%.
According to the same Eurostat release in the Q4 compared to Q3 the GDP rate was:
Compared to Q4 of 2008: