Eurozone's economy contracted more than expected by economists in the first quarter of 2013, preliminary data from Eurostat showed Wednesday.
The gross domestic product fell 0.2 percent quarter-on-quarter in the first quarter, faster than the expected 0.1 percent contraction. This followed a 0.6 percent decline in the fourth quarter of 2012.
The economy shrank 1 percent on an annual basis. This was steeper than a 0.9 percent contraction recorded in the fourth quarter of last year.
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