THE 16-strong group of nations in the eurozone have emerged from recession, official figures showed today.
THE 16-strong group of nations in the eurozone have emerged from recession, official figures showed today.
European countries using the single currency grew their collective economy 0.4% in the third quarter.
European countries using the single currency grew their collective economy 0.4% in the third quarter.
While it is the first time the bloc as a whole has shown growth, France and Germany have enjoyed their second period of positive output.
While it is the first time the bloc as a whole has shown growth, France and Germany have enjoyed their second period of positive output.
They joined the US and Japan, which have also shrugged off the economic gloom.
They joined the US and Japan, which have also shrugged off the economic gloom.
The European Union as a whole - which includes the UK and Sweden - is also out of recession in the July to September period, with a 0.2% growth in output.
The European Union as a whole - which includes the UK and Sweden - is also out of recession in the July to September period, with a 0.2% growth in output.
Recent figures for the UK, however, showed the economy shrunk 0.4% in the third quarter.
Recent figures for the UK, however, showed the economy shrunk 0.4% in the third quarter.
