Europe's Eurozone Comes Out Of Economic Recession
The eurozone has emerged from recession after a record 18 months of economic contraction.
Across
the bloc, GDP grew by 0.3 percent in the second quarter of 2013,
slightly ahead of forecasts. The growth was widely expected after the
German economy rose 0.7% between April and June.However, the overall figure masks the mixed economic fortunes among the countries that make up the 17-country eurozone area.
Germany and France both posted stronger-than-expected growth, expanding 0.7 percent and 0.5 percent respectively.
Portugal, among the smallest and the weakest eurozone economies, showed the fastest growth, at 1.1
percent.
The country was one of three that had to take a multi-billion-euro bailout.
Source: BBC News
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