Eurozone economy emerges from recession in Q2

0 Comment(s)Print E-mail Xinhua, August 14, 2013
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Eurozone economy emerged from recession after growing 0.3 percent in the second quarter this year, figures of the European Union (EU) statistics office showed Wednesday.

The 0.3-percent quarterly growth ended a record-long recession in the single currency area, whose gross domestic product (GDP) had suffered contraction in the past four quarters in a row.

From April to June, GDP of the EU also increased by 0.3 percent compared with the previous quarter, according to Eurostat.

In the first quarter of 2013, the GDP contracted by 0.3 percent in the euro area and dipped 0.1 percent in the EU, Eurostat said.

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