Can Germany Save The Eurozone From A Recession
With Germany's GDP increasing 0.2% this quarter we're seeing that Germany's growth isn't slowing as much as expected. France's economy also unexpectedly expanded with their GDP also climbing 0.2%.
Germany and France, being the Eurozone's two largest economies, might be able to help the area avoid a recession, at least for the time being. Both in Germany and France, the expansion came from exports, construction and household and public spending. Yet company investment declined and with this there are still concerns regarding the state of the Eurozone's economy for the fourth quarter.
The Euro rose 0.1% after the release of the German's GDP figures.
While we are expecting the German economy to grow 0.8% this year and next, we see very little growth projected in the rest of the Eurozone.
Today we will see the GDP for the Eurozone as a whole. Economists are predicting a 0.1% decline. These figures should provide us with a further indication of the health of the European economy.
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