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France and Germany exit recession;

Posted by Loyola Aug 13 '09, 13:23

"The recession has ended, and it has ended sooner than we all thought. We expect to see growth of 1% in the third quarter, which is very strong for Germany, and I wouldn't rule out the chance of even better growth," said Andreas Rees at Unicredit.

BBC Europe business reporter Mark Sanders said that although the surprise news was highly welcome for those that have been suffering, there were questions about how strong and credible the economic recovery is.

"To draw a medical analogy, we've got the patient waking from a coma and talking to medical staff," he said. "They're not necessarily going to be running any marathons soon."

http://news.bbc.co.uk/2/hi/business/8198766.stm (news.bbc.co.uk)

Responses:

yeah...wait till the Corporate Real Estate stuff starts coming due in the next few years. -- nm - Remlik Aug 13, 13:31
France, you expect to quit early, but Germany? (nm) - musubi Aug 13, 13:28
Okay, Obama, now you're just showing off. nm - Dignan Aug 13, 13:25 1
- [deleted]

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France and Germany exit recession;

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