24th August 2010
Just as the US economy continues to disappoint, the Eurozone continues to defy the naysayers.
In particular, the strength of Germany has attracted both admiration and even a touch of envy. It has certainly begged the question as to how a country that has led an expensive bailout, propped up its own economy and weathered an economic downturn has emerged in such apparently good shape.
This article from Reuters outlines the scale of second quarter growth in Germany – equivalent to an annual growth rate of 8.7%. It came from both goods and services and was not matched by any other country in the Eurozone. France did well, but could only manage a quarterly growth rate of 0.6%.