THRIVING GERMAN ECONOMY GIVES EUROPE A BOOST
Baku, August 14 (AZERTAC). Good news emerged on Friday for a number of the world`s economies. Figures show the European Union economy grew by one percent in the second quarter and in the United States retail sales rose in July. But, the economic boom comes with caveats.
The 16-nation eurozone grew by more than economists had expected - and that`s largely the result of mammoth growth in Germany.
The figures released by the European statistics agency Eurostat show that the eurozone grew by one percent in the second quarter, that`s up from only 0.2 percent in the first quarter.
In Germany, growth was 2.2 percent - that`s higher than at any time since the fall of the Berlin Wall.
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