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Wednesday, May 15, 2013
France contracts in 1st quarter as Germany returns to growth
France contracts in 1st quarter as Germany returns to growth
Quarterly growth data for the two biggest economies in the eurozone highlighted the divergences in the currency bloc on Wednesday
as France fell into a triple-dip recession, while Germany swung back
into expansionary territory. The first-quarter gross domestic product
country data were due to be followed by Italy, the third-largest
eurozone economy, later in the day and then by a first estimate for the
17-nation eurozone as a whole, which is expected to remain in recession.
http://link.ft.com/r/8P1R88/
http://link.ft.com/r/8P1R88/
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