German growth lifts euro zone GDP results

05/16/2008 | Financial Times (free content)

Germany's strong first-quarter growth and better-than-expected GDP figures in France lifted the 15-country euro zone to 0.7% expansion in the year's first three months. Europe "had, for once, successfully decoupled from the doom and gloom engulfing much of the Anglo-Saxon world," Bank of America economist Holger Schmieding said. A mild winter encouraged German construction at the start of 2008, economists said. But leading indicators suggest slower or even negative GDP is possible in the current quarter.

View Full Article in:

Financial Times (free content)

Published in Brief: