LONDON (AP) — SLOWER GROWTH: Economic growth in the Group of 20 leading industrial and developing economies slowed to 0.7 percent in the final three months of 2011 due to contraction in European Union.
THE DETAILS: In the first joint release to cover the entire G-20, official figures showed growth slowed from 0.9 percent in the previous quarter.
WINNERS AND LOSERS: Indonesia had the fastest growth at 2.1 percent and the U.S. economy grew 0.7 percent. But the 27-country EU posted the biggest quarterly fall at 0.3 percent, shaken by financial turmoil among many of its members.
