May 16, 2008 at 11:51 AM EDT
European Growth Strong in the First Quarter, but Will it Last?
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… SHARETHIS.addEntry({ title: "European Growth Strong in the First Quarter, but Will it Last?", url: "http://jutiagroup.com/2008/05/16/european-growth-strong-in-the-first-quarter-but-will-it-last/" });
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