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.

Germany in 'record' 2.2% growth

Germany in 'record' 2,2% growth: Germany's economy grew at its fastest rate for more than 20 years from April to June, outpacing eurozone neighbours and the UK.