France and Germany exit recession

[citizen k]

from BBC:

France and Germany exit recession

The French and German economies both grew by 0.3% between April and June, bringing to an end recessions in two of Europe's largest economies.

"The data is very surprising. After four negative quarters France is coming out of the red," said French Finance and Economy Minister Christine Lagarde.

Few analysts expected the economies to come out of recession this early.

The eurozone's official gross domestic product (GDP) figures will be released later on Thursday morning.

The German economy contracted by a revised 3.8% in the first three months of the year.
And while exports rose 7% in June, the fastest pace in nearly three years, few analysts had expected a return to overall economic growth so quickly.

France's economy had contracted by 1.2% in the first quarter.

[Tamas]

0.3%?!!!!! fasten safety belts!

[Martinus]

0.3%?!!!!! fasten safety belts!

That 0.3% is probably more than the entire Hungarian economy, so shut up.

Anyway, great news!

[I Killed Kenny]

It seems Portugal too have grown 0,3%

[CountDeMoney]

It seems Portugal too have grown 0,3%

Well then, let's hear it for cork.

[I Killed Kenny]

0.3%?!!!!! fasten safety belts!

That 0.3% is probably more than the entire Hungarian economy, so shut up.

Anyway, great news!

It's 12,5% of Hungary's GDP

[I Killed Kenny]

It seems Portugal too have grown 0,3%

Well then, let's hear it for cork.

Don't congratulate to much or else you'll be shot by a nigger

[CountDeMoney]

It seems Portugal too have grown 0,3%

Well then, let's hear it for cork.

Don't congratulate to much or else you'll be shot by a nigger

Our homicide rate grew by .3% overnight, so eat that, eggplant.

[Josquius]

What're the chances of employment there for one who doesn't spraak the lingo?

Strange news, the buzz used to be that Britain was better off than Europe.

[Martinus]

Results for the rest of the EU (where available) for the last quarter:

Belgium: -0.4
Germany: +0.3
Estonia: -3.7
Greece: +0.3
France: +0.3
Italy: -0.5
Cyprus: -0.5
Latvia: -1.6
Lithuania: -12.3
Hungary: -2.1
Netherlands: -0.9
Austria: -0.4
Portugal: +0.3
Romania: -1.2
Slovakia: +2.2
Sweden: 0
UK: -0.8

Take that Lithuanian homophobes.

[CountDeMoney]

Slovakia: +2.2

Man, PPV internet porn made a bigger dent than we thought.

[I Killed Kenny]

It seems Portugal too have grown 0,3%

Well then, let's hear it for cork.

Don't congratulate to much or else you'll be shot by a nigger

Our homicide rate grew by .3% overnight, so eat that, eggplant.

it's a tie, then

[Slargos]

It seems Portugal too have grown 0,3%

Well then, let's hear it for cork.

Don't congratulate to much or else you'll be shot by a nigger

Seedy. I think it's time to lift the moratorium on my use of this word. When even the rat fuck eggplants get to use it, it's starting to get unfair.

[Valmy]

0.3% growth seems kinda sad after your economy just shrank 3+% but anyway congrats to my Euro friends.

[KRonn]

0.3% growth seems kinda sad after your economy just shrank 3+% but anyway congrats to my Euro friends.

I guess the thing is that the positive growth quarter, no matter how small, officially ends the recession? A certain number of negative quarters are required to occur in order to call a recession. So, if the next quarter shows negative growth, I guess that won't be called a recession again since only it's only one quarter, and hopefully the economy is moving upwards.