13 Aug 2009

France, Germany out of recession

10:02 pm on 13 August 2009

The French and German economies both grew by 0.3% between April and June, bringing to an end year-long recessions in two of Europe's largest economies.

Few analysts expected the economies to come out of recession this early, the BBC reports.

But economic activity in the eurozone fell by 0.1%, showing the region as a whole is still in recession.

The contraction was a marked improvement on the 2.5% drop recorded in the first three months of the year, and was smaller than economists had expected.

It was the fifth consecutive quarter of eurozone economic contraction.

Both the French and German economies last grew in the first quarter of 2008.