More Countries Join the Euro-Area Recovery Bandwagon
- GDP increased 0.6% in second quarter, matching Aug. 1 estimate
- France and Italy join upswing led by Germany and Spain
Exports and investment have led France to its strongest continuous expansion since 2011 and the Netherlands posted the fastest growth since the end of 2007.
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
The euro-area economy gathered pace in the second quarter as more nations joined the recovery.
The 0.6 percent expansion matched an Aug. 1 estimate and was supported by continued growth in Germany, the region’s largest economy, and the strongest Spanish performance in almost two years. But after years of unprecedented stimulus, the upswing is finally starting to spread across the 19-nation region.