Investing
Eurozone ‘set to exit’ 18-month recession
Written By:
Your Money
Posted:
Updated:
14/08/2013
The 18-month double-dip recession in the eurozone is expected to end today as official figures from Brussels are due to show a return to growth for the three months to June, the Guardian reports.
The report said production figures across the 17-state single currency area released on Tuesday left financial markets “convinced” the downturn, dating back to 2011, was finished.
The report added analysts predicted the 1.2% rise in industrial production, coupled with stronger construction sector performance would be enough to produce growth of 0.2% or 0.3%.
That would reverse the fall of 0.2% in the first three months of the year, it said.
