European Growth Strong in the First Quarter, but Will
it Last

post from Jutia GroupJutia Group on 16 May 2008 11:51:42 AM. © Jutia GroupJutia Group

Powered by the biggest German expansion in 12 years, the European economy shrugged off the U.S. slowdown to post first-quarter growth numbers ahead of analyst estimates.

Gross domestic product (GDP) in the 15-country Eurozone increased by 0.7% in the first three months of the year, Eurostat reported. Analysts had predicted a growth rate of 0.5%.

Germany and France - which together account for nearly half the Euro region?s GDP - made the difference. The German economy, the continent?s largest, expanded by 1.5% in the first quarter, compared with a growth rate of 0.3% in the final three months of 2007. France also turned…

Read The Full Article:
http://feeds.feedburner.com/~r/jutiagroup/~3/291719610/