Recession Is Over In Europe, As French GDP Crushes Expectations

 

 

Okay, now it's virtually certain that the Eurozone recession is over.

French GDP crushed expectations this morning.

For Q2, the country's economy grew by 0.5%, far surpassing the 0.2% that was expected, according to MarketWatch.

German GDP also beat slightly, clocking in at 0.7%.

Since late July we've been saying that the Eurozone recession was coming to an end and this just is the icing on that declaration.

Things are still not well and there are all the risks that everyone knows about, but growth-wise things are done getting worse.

Meanwhile, markets are going nowhere.

Read more: http://www.businessinsider.com/french-and-german-gdp-beat-expectations-2013-8#ixzz2bvnA1N5X