Economics
German, French Growth Helps Euro-Region Recovery
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Europe’s two largest economies expanded more than economists predicted in the second quarter, helping to pull the euro area out of its longest-ever recession.
German gross domestic product rose 0.7 percent from the first quarter and the French economy expanded 0.5 percent, the countries’ national statistics offices said today. Economists predicted growth of 0.6 percent and 0.2 percent, respectively, according to Bloomberg News surveys. GDP results for the euro-area will be published at 11:00 a.m. in Luxembourg.