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                       Eurozone Recession Comes to an End

   The eurozone has finally emerged from a crippling 18-month recession,
   due to higher than expected growth in Germany and France.
   The European Union`s statistics office, Eurostat, says the 17 EU
   countries that use the euro saw their collective GDP (gross domestic
   product) grow by 0.3 percent in a three month period ending in June. In
   the first quarter the economy shrank 0.3 percent, extending the
   recession for a record six quarters - the longest period since the
   euro`s launch.
   The improvement was largely due to growth among the eurozone`s largest
   members: Germany, whose economy increased by 0.7 percent, and France
   which saw a quarterly growth of 0.5 percent.
   Another country with a surprising improvement was Portugal which had an
   expansion of 1.1 percent, an increase that came despite taking an
   economic bailout and reporting record-high unemployment.
   Analysts say they do not expect the eurozone to return to sustained
   economic growth until 2015.
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   [1]http://www.voanews.com/content/eurozone-recession-comes-to-an-end/17
   29537.html

References

   1. http://www.voanews.com/content/eurozone-recession-comes-to-an-end/1729537.html