Thu, Aug 15, 2013 - Page 15 News List

Germany, France lead eurozone’s GDP pickup

END OF RECESSION?Germany posted growth of 0.7 percent, while France returned to growth after two quarters of contraction, thanks to domestic demand

AFP, FRANKFURT, Germany

The Czech economy, central Europe’s third-biggest, shook off its longest recession lasting 18 months, as it expanded by 0.7 percent in the second quarter from output in the previous quarter, an official estimate showed yesterday.

On an annual basis, the Czech economy fell at a seasonally adjusted pace of 1.2 percent in April to June, the Czech Statistical Office said.

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