According to The Financial Times, some of Europe’s key economies are seeing signs of growth, while the shrinking of the US economy has also slowed.
The surprising news follows improving sales figures for the majority of bike dealers in the UK.
Both Germany and France saw Q2 growth of 0.3 per cent, bucking the expectations of financial analysts and leading Jörg Krämer, an economist at Commerzbank in Frankfurt, to confidently state: “The recession has ended. Not just in Germany.”
The growth has led to financial pundits revising their forecasts on the continent, with many predicting continued growth over the coming months.
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