E.U. economies at a glance

August 15, 2013 at 1:49AM

Germany: GDP increased 0.7 percent in the second quarter, more than the 0.6 percent gain forecast by economists.

France: The economy posted its best quarterly expansion since President Francois Hollande came to power in May 2012 as recovering consumer spending and exports lifted factory output.

Portugal: Racked by austerity-induced recession and the recipient of a bailout from the troika of the European Commission, European Central Bank and International Monetary Fund, Portugal was the biggest surprise in the data. The economy there expanded by a robust 1.1 percent in the quarter, far above expectations, and the fastest growth of any E.U. member.

Spain: The economy shrank by just 0.1 percent, improving from a 0.5 percent decline in the first quarter.

Cyprus: Still reeling from the collapse of its banks and the troika's remedy, Cyprus' economy shrank 1.7 percent, the worst showing of any E.U. member.

News services

about the writer

about the writer

More from Business

See More
card image
Anthony Soufflé/The Minnesota Star Tribune

State’s proposal for $1 billion advocated for one-time investments that will spawn long-term improvements in workforce, childbirth services and more. But it won’t offset the much bigger losses from cuts to the federal Medicaid health program.

card image
card image