EU growth surprises hide clear pattern
THE nations of Europe are often more confusing than Europe as a whole. And three months is a short time for an economy. Those are two lessons from the preliminary first-quarter GDP releases coming out of the Old Continent.
Most of the big economies are not behaving as expected. On Wednesday, Germany reported a 0.3 per cent increase in GDP from the last quarter of 2014. For a supposed regional powerhouse, that was weak. Conversely, the growth in France and Italy ( 0.6 per cent and 0.3 pe…
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