Aug
13

France and Germany return to growth

An unexpected rebound in French and German growth helped push the eurozone to the brink of economic recovery in the second quarter, delivering a further signal that the worst of the global crisis may be coming to an end in Europe.

Gross domestic product in the 16-nation currency bloc fell 0.1 per cent in April, May and June, the European statistics office said on Thursday, cheering economists who had expected a decline of 0.5 per cent after a drop of 2.5 per cent in the first quarter of the year.

Source:  FT.com

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