Chris Williamson
Media playback is unsupported on your device
Video

Eurozone recession deepened at end of 2012

The eurozone recession deepened in the final three months of 2012, official figures show.

The economy of the 17 nations in the euro shrank by 0.6% in the fourth quarter, which was worse than forecast.

It is the sharpest contraction since the beginning of 2009 and marks the first time the region failed to grow in any quarter during a calendar year.

Chris Williamson, chief economist at financial anlaysis company Markit, told the BBC what he made of the figures.

Go to next video: Euro rate concern for Europe