German and French economies are growing, while Hungarian GDP falls
According to Frankfurter Allgemeine Zeitung referring to the Federal Statistical Office the worst recession in German history has ended.
In the second quarter of this year, the German economy increased by 0.3 percent compared to the previous quarter. According to BBC just a few analysts expected that the German economy returns to growth so quickly.
The French economy also achieved a 0.3 percent increase in the second quarter of this year. According to Christine Lagarde, Minister of Economy and Finance; consumption and strong exports helped in the recovery.
In the second quarter of 2009 Hungarian gross domestic product decreased by 7.6 percent, taking into account the calendar effects by 7.5 percent – reports Világgazdaság Online.
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