France and Germany exit recession.

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tombi123 on 13 August 2009

http://news.bbc.co.uk/1/hi/business/8198766.stm

The Eurozone economic activity fell by 0.1% overall.

The UK's economy shrank by 0.8% in the second quarter.

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Domo-Kun on 13 August 2009

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Esmoreit on 13 August 2009

Netherlands dove 0.9%, but with Germany out of the recession I expect the Netherlands to get out of it in either the next or the following quarter!

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highwaystar101 on 13 August 2009

It seems to me that Europe's recession is not as bad as USA anyway.

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Esmoreit on 13 August 2009

@Highway Long live our socialist system! Hurray :D!

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headshot91 on 13 August 2009

I think the Uk was the worst affected in Europe. Damn, because of our massive shrinking economy in the past year and a bit, we have a smaller economy than france again. boooooo the french!!!!

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highwaystar101 on 13 August 2009

headshot91 said:
I think the Uk was the worst affected in Europe. Damn, because of our massive shrinking economy in the past year and a bit, we have a smaller economy than france again. boooooo the french!!!!

I think it's because Europe has a more "United we stand divided we fall" mentality than the USA. The econo,ies that have been badly effected are the ones that are heavily reliant on financial tertiary industries, such as banking. So countries like Iceland, UK and Sitzerland are feeling the pinch a bit more than the rest of Europe. But hopefully those countries will be there to help us back up.