16 November 2009

Eurozone Leaves Recession

Europe's economies are enjoying a return to growth. Overall the latest Eurozone figures show that there was growth for the last two consecutive quarters, meaning recession is over.

The UK is still nursing its recovery after six consecutive quarters of contraction. As Europe's second largest economy it was much more exposed to a fall than countries like France and Germany, were a heavy reliance on credit has not been a factor.

Overall, Europe including non Euro countries like Sweden experienced growth of 0.2 per cent.

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