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Germany, France Pull Out of Recession |
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Written by CNNMoney-Reuters
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Thursday, 13 August 2009 |
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Article Source: CNNMoney-Reuters
Written - August 13th, 2009
Both economies unexpectedly grew in the second quarter, raising hopes for broader European recovery.
BERLIN (Reuters) -- Germany and France enjoyed a shock return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.
German gross domestic product rose by 0.3% in the second quarter, bringing an end to the country's deepest recession since World War Two and boosting hopes of recovery in the broader euro zone. French GDP also grew by 0.3% in the second quarter.
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