Wednesday, 14 August 2013

German economic growth up strongly

Source BBC News@ tienganhvui.com


German flags flying outside the ReichstagThe German economy makes up a large chunk of eurozone GDP


The German economy grew strongly in the second quarter raising hopes that the eurozone has come out of recession.


Figures just released show German gross domestic product (GDP) rose 0.7% in the quarter, slightly ahead of forecasts.


New figures from France showed its economy grew 0.5%, also stronger than expected, in the second quarter.


Figures for the eurozone as a whole will be released later on Wednesday and are expected to show it back in growth for the first time in six quarters.





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