According to the European Union, Europe’s economy may expand in the third quarter after billions of Euros were spent by the government to help get out of the recession.
From Simone Meier, Bloomberg:
Sept. 14 (Bloomberg) -- Europe’s economy probably returned to growth in the current quarter after governments spent billions of euros to pull the region out of the worst recession in more than six decades, the European Union said.
The euro-area economy may expand 0.2 percent in the third quarter and 0.1 percent in the fourth after contracting 0.1 percent in the three months through June, the European Commission, the EU executive in Brussels, said today in updated economic forecasts. For the full year, the economy may shrink 4 percent, the commission said, maintaining its May projection.
