Germany and France out of the economic recession in the euro area than the United States strongly

Following the United States Federal Reserve Board that the economy began to stabilize, Germany and France there was good news yesterday. According to Hong Kong Wen reports, official statistics, the economic growth achieved in the second quarter gross domestic product (GDP) rose by 0.3% together, hand in hand out of recession, more than the forecast early, so that the outside world by surprise. In addition, 16 countries in the euro area economy has significantly improved in the second quarter, just a slight recession 0.1%.

Analysts had expected second quarter Germany economy will shrink 0.2 to 0.3%, but the reality is not decreased 0.3%. France data equally surprising: official statistical services originally in the second quarter is expected to fall by 0.6%, central banks are also expected to fall by 0.4%, the result is increased 0.3%.

The economic situation in the euro area than in Germany and France, April-June 0.1% negative growth, is the fifth consecutive quarter of negative growth, but decreases in far more than anticipated. United States economy 0.3% negative growth this quarter, the euro area the situation better than United States.