EnglishThe economy of the Eurozone exited its deepest recession since WW2, as exports from France and Germany recovered in the third quarter, compensating for the drop in spending caused by consumer wariness.
The GDP of the Eurozone (the 16 states which use the Euro) rose 0.4% between July and September, over the second quarter, when it had dropped 0.2%, according to the Statistics Office of the European Union. Economists were anticipating that the economy of the Eurozone would rise 0.5% in the third quarter. Analysts claim that the recovery would not have been possible without the stimulus packages of the national governments.
The Eurozone economy dropped 4.1% in the third quarter, compared to -4.8% in the Q2 2009.
The GDP of the 27 member states of the European Union, increased 0.2% in Q3 2009, after dropping 0.3% in the second quarter.
In Germany, the largest European economy, the GDP rose 0.7% over Q2 2009, when it rose 0.4%. France"s economy rose 0.3%. Italy and Holland also exited the recession in the July - September period.
But, the recovery of the European economy is threatened by the depreciation of the dollar against the Euro, as the European currency gained 18% over the dollar this year
Euro
Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
