France and Germany out of recession

merkel-sarkozy

The German and French economies pulled out of recession in the second quarter, figures out on Thursday showed.

Eurostat, the European Union's statistical office, published estimates showing the German and French economies expanded.

According to Eurostat's figures, both Germany and France grew by 0.3% in the three months to June. Economists were surprised by the figures, expecting both the German and French economies, which contracted by 3.5% and 1.3% respectively in the first quarter, to shrink.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: