According to the European Bureau of Statistics, although the economy in the second quarter of Germany and France recovered surprisingly by 0.3%, the Eurozone economy fell by 0.1% in the second quarter compared to the previous quarter, and has declined for five consecutive quarters. Compared with the 2.5% decline in the first quarter, the euro zone's economic decline has narrowed.
The report also showed that economic growth in the second quarter fell by 4.6% year-on-year, better than the previous forecast of 5.1%.
The report said that the euro zone Germany and France just announced the second quarter economic recovery growth news, so that the 16 countries in the euro zone is expected to get out of the worst economic recession that has suffered since 1945.
Eurostat also announced that the entire EU economy fell 0.3% in the second quarter, down 4.8% year-on-year; the first quarter fell 2.4%, down 4.7%.
The report also showed that economic growth in the second quarter fell by 4.6% year-on-year, better than the previous forecast of 5.1%.
The report said that the euro zone Germany and France just announced the second quarter economic recovery growth news, so that the 16 countries in the euro zone is expected to get out of the worst economic recession that has suffered since 1945.
Eurostat also announced that the entire EU economy fell 0.3% in the second quarter, down 4.8% year-on-year; the first quarter fell 2.4%, down 4.7%.
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