The eurozone economy shrank more than previously estimated in the last three months of 2008, official figures say.
Gross domestic product in the 15-nation area fell 1.6%, not 1.5% as previously thought, said the EU’s Eurostat office.
The euro declined against the dollar to $1.3270 from $1.3330 after the figures came out, amid fears the economy could contract even further in 2009.
The drop is the deepest quarterly fall to date and was brought on by a collapse in external trade.
The eurozone now includes 16 nations that use the euro as their national currency, after Slovakia adopted the euro at the beginning of this year. Slovak GDP was not included in the 2008 figures.
“Worryingly, it is far from inconceivable that eurozone GDP contraction was even deeper in the first quarter of 2009, given largely dire data and survey evidence,” said Howard Archer, economist at IHS Global Insight.
“This will hopefully have marked the low point in the downturn, although recovery currently still looks some way away, ” he said. –BBC News
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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