Eurozone exits recession with 0.3% growth: EU | business | Hindustan Times
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Eurozone exits recession with 0.3% growth: EU

The eurozone climbed out of recession at last with better-than-expected growth of 0.3 percent in the second quarter.

business Updated: Aug 14, 2013 16:13 IST

The eurozone climbed out of recession at last with better-than-expected growth of 0.3 percent in the second quarter led by Germany and France, the European Union said on Wednesday.



Data agency Eurostat said the 18-month downturn which has cost millions of jobs and crushed debt-laden governments around the single currency area ended thanks in large part to better-than-expected gains of 0.7 percent in Germany and 0.5 percent in France.

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