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Euro zone pulls more strongly than expected from recession – Metro US

Euro zone pulls more strongly than expected from recession

French cafes and restaurants reopen their terraces to customers in
French cafes and restaurants reopen their terraces to customers in Paris

BRUSSELS (Reuters) – The euro zone economy grew more strongly than expected in the second quarter as the bloc rebounded from a recession caused by the COVID-19 pandemic, preliminary data showed on Friday.

The European Union’s statistics office Eurostat said gross domestic product in the 19 countries sharing the euro grew 2.0% quarter-on-quarter for a 13.7% year-on-year increase. Economists polled by Reuters had expected a 1.5% quarterly and a 13.2% annual increase.

(Reporting by Philip Blenkinsop; editing by Francesco Guarascio)