Economics

Europe Rebounds With a Bang But Germany Disappoints: GDP Update

  • France second-quarter GDP rises 0.9%, Spain grew 2.8%
  • Europe’s economy is recovering as countries exit lockdowns
Photographer: Angel Navarrete/Bloomberg
Lock
This article is for subscribers only.

The euro-area economy rebounded sharply in the second quarter as businesses reopened following the lifting of lockdowns.

Output in the 19-nation region increased 2%, beating economists’ estimates and dusting off the impact of restrictions that crippled business activity during the winter months.