Advanced estimates of Eurozone QII GDP growth reported gentle expansion of +0.3% QoQ in the April-June quarter. This was the first positive growth reported since QIII 2011, back when the Eurozone crisis intensified. Annual contraction was still -0.7% YoY in the year to QII 2013, although all of the contraction was recorded through H2 2012. The economy stabilised through H1 2013, actually posting very marginal positive expansion over the first six months of 2013.
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