Saturday, August 14, 2010

Is Germany driving growth in Europe?

The gross domestic product (GDP) numbers for the Eurozone expanded by 1% in the second quarter, ie from the first and by 1.7% versus the second quarter of 2009 that is year-on-year (YoY).

Germany seems to be the engine of growth. And that, is quite expected with 2.2% growth in the second quarter. That is the fastest since the country’s reunification in 1990. So is the worst over for Europe?

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