German economy returns to growth
May 15 , 2012
The German economy returned to growth in the first quarter of the year with a 0.5 percent rise in GDP.
This compares to the final quarter of last year when the economy shrank by 0.2 percent, its first dip since 2009.
Germany has fared much better than other European countries. The French economy recorded zero growth in the first quarter while Italy continued to fall deeper into recession after contracting by 0.8 percent.
Figures due to be released later in the day are expected to show that the eurozone as a whole has returned to recession.
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