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Tags: Europe | Economy

European Economy Grows 2%, Ending Double-dip Recession

Friday, 30 July 2021 06:01 AM

FRANKFURT, Germany (AP) — Europe’s economy rebounded into growth in the second quarter, official figures showed Friday, but 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.

Gross domestic product grew 2.0% in the April-June quarter over the quarter before, official figures from the European Union’s statistics agency Eurostat showed. 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.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Europe's economy rebounded into growth in the second quarter, official figures showed Friday, but 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. Gross...
Europe,Economy
102
2021-01-30
Friday, 30 July 2021 06:01 AM
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