European economy grows 2%, ending double-dip recession

0
123

FRANKFURT, Germany (AP) — Europe’s economy has rebounded into growth in the second quarter. But it lagged pre-pandemic levels and trailed the faster recoveries in the U.S. and China with the delta variant continuing to cast a shadow of uncertainty over the upturn.  Official figures show Friday that gross domestic product grew 2% in the April-June quarter over the quarter before. That compared to a drop of 0.3% in the first quarter as the 19 countries that use the euro endured a double-dip recession. The growth figure was stronger than the 1.5% foreseen by market analysts.

The post European economy grows 2%, ending double-dip recession appeared first on WEEK.

LEAVE A REPLY

Please enter your comment!
Please enter your name here