Friday, August 13, 2010

Euro-zone GDP up 1% in Q2

The euro-zone GDP rose 1 per cent in the second quarter, at a pace exceeding the pace of US economic recovery। This pace is the fastest in last four years। On the annual basis euro-zone`s GDP rose 1,7%। Besides GDP of Germany, Europe`s first economy, rose 2,2% - the fastest pace in last 20 years. On the currency market the Euro halted its drop versus the Dollar. The EUR/USD currency pair is now traded at 1,28.

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