PoliBlog: A Rough Draft of my Thoughts » Economic Growth in the Eurozone/EU as a Whole

Via the BBC: Eurozone emerges from recession

The 16 nations that use the euro collectively grew 0.4%, after shrinking by 0.2% between April and June.

The French and German economies both grew for a second consecutive quarter, confirming the eurozone’s two largest economies are out of recession.

However, both France and Germany grew by less than expected, a sign of how tentative signs of recovery remain.

The European Union as a whole - which includes non-eurozone countries such as the UK and Sweden - also emerged from recession, growing 0.2% in the third quarter.

None of the numbers are what one would call stellar. The highest figure in the report in Germany at 0.7% growth. However, that beats the UK, which remained in recession. Its economy shrank by 0.4%.

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