Germany and France Pull Out of Recession

(13 Aug 09 - RV) Germany and France achieved a return to economic growth in the second quarter of the year, ending their recessions earlier than many policymakers and economists expected.


German gross domestic product rose by 0.3 percent bringing an end to the country's deepest recession since World War Two.


French GDP also grew by 0.3 percent in the second quarter.


However, despite this growth, economic activity in the 16-nation euro zone slid by 0.1 percent, but it was less than analysts had predicted.


We spoke to Senior Research Fellow at UK based research Institute Chatham House, Vanessa Rossi who says, that although the news is positive unemployment is likely to continue.