Money: European Economies – 12th Feb 10

Figures are published today showing growth in the 16 countries that use the euro. Yesterday, data showed that Spain’s economy contracted in the last three months of 2009, making it the last major economy in Europe still in recession. In the UK, official figures have shown that the economy has emerged from recession but a new report out this morning supports the widely held view that the recovery may yet falter. The Royal Institute of Chartered Surveyors paints a gloomy picture for the construction sector. Finally, the digital download revolution has put vinyl records and CDs on the endangered species list. Last year 150 million singles were sold in the UK, but 98 per cent of them were downloads.

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