Question Details
Andrea Crisante, dreamstime.com
Euro Zone recession over?
Asked by: 
kruijs in
Business
» Economics
Settled on 08/14/2013 12:47 Settled bykruijs
kruijs in
Business
» Economics
Settled on 08/14/2013 12:47 Settled by
kruijsWinning option:Positive growth in Q2 2013 The economies of Germany and France grew faster than expected in the second quarter, bettering a widely heralded expansion in the United States and pulling the euro zone out of a 1-1/2 year-long recession.
The increased pace was primarily driven by renewed business and consumer spending in the 17-country bloc's two largest economies. The euro zone economy was fragile overall, however, with some countries, notably Spain and Italy, still struggling.
European Economic and Monetary Affairs Commissioner Olli Rehn said the data released on Wednesday showing 0.3 percent euro zone growth for the three months to June meant a nascent recovery was on a more solid footing.
http://uk.reuters.com/article/2013/08/14/uk-europe-economy-idUKBRE97C0Z220130814
The increased pace was primarily driven by renewed business and consumer spending in the 17-country bloc's two largest economies. The euro zone economy was fragile overall, however, with some countries, notably Spain and Italy, still struggling.
European Economic and Monetary Affairs Commissioner Olli Rehn said the data released on Wednesday showing 0.3 percent euro zone growth for the three months to June meant a nascent recovery was on a more solid footing.
http://uk.reuters.com/article/2013/08/14/uk-europe-economy-idUKBRE97C0Z220130814
Predictions
No positive growth during 2013
Background
IS THE EURO AREA FINALLY EMERGING FROM RECESSION?
In recent weeks, a number of better than expected economic data have lifted the mood for the euro area growth outlook. This week we expect preliminary Q2 GDP data for France, Germany and the euro area to indeed point to a small improvement in growth, the first in nearly two years and better than we expected in our latest Global Economic Outlook in June.
http://www.businessinsider.com/socgen-euro-recession-is-ending-2013-8
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