The eurozone has exited its longest recession since records began, official figures are expected to show this week.
by Emma Rowley, The Telegraph:
Growth from the powerhouse economy of Germany has pulled the single currency region’s economy as a whole out of contraction mode, economists believe.
Wednesday’s “flash” estimate for the region’s growth in the second quarter of this year is expected to show gross domestic product (GDP) expanded by 0.2pc on the previous quarter, after shrinking for the previous six quarters in a row.
That would mark an end to the recession – defined as two or more consecutive quarters in which an economy shrank – which the euro region entered at the end of 2011.
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