Italy and Spain help to push eurozone out of recession

Germany’s economy only grew by 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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from The Guardian https://ift.tt/3lkxBWy