Italy and Spain help to push eurozone out of recession
by Larry Elliott Economics editor from Economics | The Guardian on (#5MS2R)
Germany's economy grew by only 1.5% after manufacturing was hit by computer chip shortage
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Italy and Spain have helped drive the eurozone out of recession after a stronger than expected 2% expansion in the second quarter of 2021, official data has shown.
The 19-nation single currency area beat forecasts of a 1.5% increase in gross domestic product despite a disappointing performance from the bloc's powerhouse economy, Germany.
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