The Eurozone, after six quarters of contraction has finally emerged out of its recession in the second quarter of 2013, and recorded a growth rate of 0.3 per cent, which was slightly ahead of the median forecast of 0.2 per cent growth.
This growth performance appears to be broad based on the economic outcome in core countries such as Germany and France, as well as certain of the peripheral countries such as Portugal, is positive. The recovery in the Eurozone economy is, however frail overall.