The GDPs of France and Germany both grew by 0.3\% in the time between April to June , ending a year-long recession in both countries. However, for all sixteen countries in the eurozone, the sum of all the goods and services produced dropped by a tenth of a percent in the quarter to June. The figures are an improvement over the previous quarter, and better than numbers predicted by most economists. "The recession has ended, and it has ended sooner than we all thought. We expect to see growth of 1\% in the third quarter, which is very strong for Germany," , said Unicredit 's Andreas Rees. "[...] I wouldn't rule out the chance of even better growth." In response to the good news, stock markets rose, with the British FTSE 100 index rising 1.3\%. Main French and German indexes also posted gains of over one percent by noon.
The GDP of both France and Germany grew by 0.3\% in the second quarter of 2009 , ending a year-long recession in both countries. However, for all sixteen countries in the eurozone, the sum of all the goods and services produced dropped by 0.1\% in the quarter to June. The figures are an improvement over the previous quarter, and better than numbers predicted by most economists. "The recession has ended, and it has ended sooner than we all thought. We expect to see growth of 1\% in the third quarter, which is very strong for Germany," said UniCredit 's Andreas Rees. "[...] I wouldn't rule out the chance of even better growth." Stock markets rose, with the British FTSE 100 index rising 1.3\%. The main French and German indices also posted gains of over one percent by noon.
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GDPs of
GDP of both
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both
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time between April to June
second quarter of 2009
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a tenth of a percent
0.1\%
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, said Unicredit
said UniCredit
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In response to the good news, stock
Stock
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Main
The main
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indexes
indices