When an financial system contracts for 2 consecutive quarters, it’s typically thought of to be in recession. European policymakers will probably be hoping that two consecutive quarters of progress are equally notable. Knowledge launched on August 14th confirmed that, within the second quarter of the 12 months, the EU’s financial system as soon as once more grew by 0.3% in opposition to the earlier quarter. Though nothing to put in writing dwelling about by American requirements, such progress is a aid after greater than a 12 months of stagnation.
