Article Source: Telegraph.co.uk

Europe's worst recession since World War II is over, figures showed today, leaving UK companies hoping that a recovery on the continent will help drag Britain from the downturn.

The economies of the 16 countries that share the euro expanded 0.4pc in the third quarter after contracting 0.2pc in the second quarter, a release from the European Union showed.

Germany and France led the way, with growth of 0.7pc and 0.3pc respectively, as exports from both countries picked up. However, Spain's economy shrank again, and with unemployment still rising across the continent and the euro gathering strength, economists cautioned against the prospect of a robust recovery. 

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