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.

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