Frankfurt (AFP) – The economic clouds over Europe appeared to lift slightly in the third quarter as its two biggest economies both narrowly escaped a new recession, official data showed on Friday.In Germany, Europes economic powerhouse, gross domestic product (GDP) expanded by 0.1 percent in the period from July to September, after shrinking by 0.1 percent in the preceding three months, the federal statistics office said.And in Paris, a preliminary estimate by the INSEE agency showed the French economy grew by 0.3 percent in the third quarter, following a contraction of 0.1 percent in the second quarter.Since recession is technically …read more
Source: Dunya TV
