26-April-2024
Economy News
 
European economy grows 2% in second quarter, ending double-dip recession
31-Jul-2021

Europe emerged from a double-dip recession in the second quarter with stronger than expected growth of 2% over the quarter before, according to official figures released Friday, as hard-hit southern European economies Spain, Italy and Portugal delivered surprisingly strong results. But the economy in the 19 countries that use the euro currency still lagged pre-pandemic levels and trailed the faster recoveries in the US and China, with the delta variant continuing to cast a shadow of uncertainty over the upturn.

News Source:- https://www.business-standard.com/article/international/european-economy-rebounds-into-growth-ending-double-dip-recession-121073000759_1.html