Wednesday, August 18, 2010

Germany turbocharges EU economy

The strongest economic growth in Germany in two decades powered Europe's economic recovery ahead of the United States. The eurozone economy grew by 1 percent in the second quarter, its biggest quarterly expansion since the second quarter of 2006, the European Union's Eurostat statistics agency said Friday.
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Beating all analyst forecasts, Germany's economy in the second quarter of 2010 grew by 2.2 percent compared to the first three months of the year, its fastest growth in two decades. In comparison with the same time last year, Germany's economy grew by 4.1 percent, the Federal Statistical Office said Friday.

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