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| Version 1 | Version 2 |
|---|---|
| Germany's economy grows by 0.3% | Germany's economy grows by 0.3% |
| (about 1 hour later) | |
| Germany's economy grew 0.3% in the second quarter of the year, helped by exports and domestic consumption. | Germany's economy grew 0.3% in the second quarter of the year, helped by exports and domestic consumption. |
| Earlier, France announced its economy had recorded zero growth in the period, which was better than had been expected. | Earlier, France announced its economy had recorded zero growth in the period, which was better than had been expected. |
| The French economy had also posted zero growth in the previous two quarters. | The French economy had also posted zero growth in the previous two quarters. |
| Official gross domestic product (GDP) figures from the whole of the eurozone are due out from the statistics agency Eurostat later in the day. | Official gross domestic product (GDP) figures from the whole of the eurozone are due out from the statistics agency Eurostat later in the day. |
| GDP measures the total amount of goods and services produced by an economy. | GDP measures the total amount of goods and services produced by an economy. |
| German growth was slower than the 0.5% recorded for the first three months of the year, but is still expected to be one of the strongest figures for the eurozone. | German growth was slower than the 0.5% recorded for the first three months of the year, but is still expected to be one of the strongest figures for the eurozone. |
| "Germany has asserted itself thanks to growing exports to countries outside the eurozone," said Christian Schulz at Berenberg Bank. | "Germany has asserted itself thanks to growing exports to countries outside the eurozone," said Christian Schulz at Berenberg Bank. |
| "It's hardly a surprise that consumption has increased due to low unemployment, rising wages and a low rate of inflation." | "It's hardly a surprise that consumption has increased due to low unemployment, rising wages and a low rate of inflation." |
| Despite growth in Europe's largest economy, GDP for the whole eurozone is expected to have shrunk. | Despite growth in Europe's largest economy, GDP for the whole eurozone is expected to have shrunk. |
| "We do not think that Germany on its own can keep the entire eurozone afloat," said Aline Schuiling at ABN Amro. | "We do not think that Germany on its own can keep the entire eurozone afloat," said Aline Schuiling at ABN Amro. |
| "Despite the positive growth number for Germany, we expect total eurozone GDP to have contracted by around 0.4% as severe fiscal austerity is pulling most economies into recession." | "Despite the positive growth number for Germany, we expect total eurozone GDP to have contracted by around 0.4% as severe fiscal austerity is pulling most economies into recession." |
| Are you based in the eurozone region? What is your reaction to the latest economic results? Send us your comments and experiences using the form below. |