Euro economy grows

LAST UPDATED: 6 Nov, 2010 @ 16:45
0
SHARE
Euro economy grows

EUROPE may finally be seeing an end to the recession.

The Europe Central Bank has announced a one per cent increase in growth in the second quarter of this year, compared to a disappointing 0.2 per cent last quarter.

And the economy of the 16 countries using the euro grew at its fastest rate in four years and saw a more rapid growth than the USA.

Germany saw its fastest growth in 20 years and led the way with growth of 2.2 per cent.

But bank President Jean-Claude Trichet said: “We are very anxious not to create abnormal expectations, and uncertainty still prevails.”

Expected growth for the rest of the year has now been set at 1.6 per cent.

BE THE FIRST TO COMMENT...

The Olive Press are not responsible and do not moderate individual comments before they are posted. Anyone who uses racist, sexist, homophobic or xenophobic language or hate speech will be blocked.

HAVE YOUR SAY...