Euro zone economic growth stood at 0.3 in second quarter exits its longest

Stronger growth in the euro zone's two largest economies, Germany and France, helped the euro zone to come out from its longest recession in the history in the second quarter (April-June) of the current year. GDP growth for the entire euro zone stood at 0.3% in the second quarter, as per the data published by the Eurostat. This data increases optimism about the entire zone and the worst may be over very soon.

Spain's economy contracted by 0.1% while economics of Italy and the Netherlands both dropped by 0.2% in the same quarter. Portugal economy posted 1.1% growth which along with Germany and France helped euro zone to achieve positive growth.