Politics 14 February 2013 It's a (sigh) Valentine's Day massacre GDP down worldwide. Print HTML Well, everyone agrees today is a Valentine's Day massacre, with growth slashed (or, I suppose, riddled with bullets) worldwide. In Japan, GDP shrunk by 0.1 per cent in the last quarter against expectations of 0.1 per cent growth. In Germany, GDP contracted by 0.6 per cent in the last quarter. In France, it fell by 0.3 per cent over the same period. In Italy, by 0.9 per cent. Portugal declined by 1.8 per cent. In Greece, GDP is reported in comparison with the same quarter in the previous year. The level at the end of Q4 2012 was 6 per cent lower than in Q4 2011. The Eurozone as a whole contracted by 0.6 per cent, worse than expectations of a 0.4 per cent contraction. That's the worst performance in almost four years for the Eurozone, and an alarming decline on even the post-crisis trend, as this chart from Natixis Asset Management's Philippe Waechter, via Business Insider, shows: Not a very happy Valentine's day for most of Europe, then. › Miliband calls it right: tax income less and wealth more The valentine's day massacre. Photograph: Getty Images Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter. Subscribe More Related articles Cabinet audit: what does the appointment of Liam Fox as International Trade Secretary mean for policy? No economy is an island: why Britain's finances now depend on Europe Cabinet audit: what does the appointment of Philip Hammond as Chancellor mean for policy?