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The euro zone economic growth of 0.3% in the second quarter of 18 months to first is growth
2013-08-15 13:32:35
Eurostat quarterly statistics show that the 17 euro-zone countries overall GDP growth of 0.3% in the second quarter of this year, slightly higher than expected. After 18 consecutive months of decline in the euro zone, a positive growth for the first time.
The emergence of integrated media reports, the economic gains is mainly driven by the euro zone economic powers, France and Germany, the two countries' economic growth faster than expected. The second quarter GDP growth of 0.7%, according to data from Germany, is the biggest gain since the country this year. According to Reuters, thanks to the internal German personal and public spending.
French GDP growth of 0.5% in this period, become since 2011, the strongest quarterly growth in the country. The French economy rise is mainly driven by the country's consumer and industrial production, but the French investment still is on the decline in the second quarter.
Need a Portuguese billions of euros aid development of its economy, in the second quarter GDP growth was 1.1%, among the 17 euro-zone countries in the first place.
The euro zone, however, there is also a country still showed a trend of decline in GDP in the second quarter, GDP fell 0.1% in the quarter, Spain and Italy and the Netherlands GDP fell by 0.2%.
In the previous 18 months, the economy of the euro area has been a downward trend, a longest slump. According to Reuters, the rise in the second quarter show that the eurozone economy is returning to growth trend, the confidence in the euro zone countries. However, there are still economic analysts said, although the euro zone economy as a whole, but still cannot solve the periphery deep economic and financial problems.