Blog: Olly WehringUK still in recession...

Olly Wehring | 13 November 2009

It seems the eurozone economy has finally emerged from recession.

Figures show that the economy grew 0.4% between July and September after a 0.2% shrinkage between April and June.

The fastest economies were France and Germany, whose economies grew 0.3% and 0.7% respectively.

But while France and Germany are now said to be out of the recession, it seems the UK is still in the thick of it. The country has contracted for six consecutive quarters, proving its crawl out of the depression may take some time.

Analysts have said that the German economy emerged from the recession “earlier and faster” than many had thought. This can be put down to the country’s financial sectors accounting for a smaller proportion of their economies, the BBC reported.

Good news also for Italy, Austria and Slovakia, who also emerged from recession in the third quarter.

Read more about the eurozone's emergence from the recession on the BBC newspage here.


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