Ger­many, France econ­omy re­bound

Weekend Argus (Saturday Edition) - - BUSINESS -

LON­DON: The gov­ern­ment pro­grammes to sup­port the car in­dus­try helped Ger­many and France re­tur n to eco­nomic growth in the sec­ond quar­ter, re­bounds that stoked hopes the re­ces­sion in the wider 16-coun­try euro area may also end sooner than thought.

The French and Ger­man in­creases marked a stun­ning turn­around from the pre­vi­ous quar­ter, when Ger­many shrank by a mas­sive 3.5 per­cent and France by 1.3 per­cent.

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