New data on Wednesday confirmed that the eurozone escaped an 18-month recession in the second quarter but the outlook is difficult and the bloc still lags well behind in global terms.
Greek public sector employees at an anti-austerity protest in Athens on August 29. Growth figures on Wednesday confirmed that the eurozone finally escaped a damaging 18-month recession in the second quarter but the bloc still lags well behind in global terms.
Analysts welcomed the figures, which reinforce other survey findings, but were also cautious as the debt crisis continues to sap the economy and unemployment runs at record highs.
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