Eurozone averts recession

(MENAFN) Improving economy in Germany and France pulls Europe out of its recession that lasted for a year and a half, The peninsula Qatar reported. Economy in Europe is still suffering, especially in Italy and Spain, but the improvement in the economy of the two countries due to consumer spending and renewed business helped push the pace of revival. Germany had its highest growth rate in over a 12 months with an expansion of 0.7 percent due to private and public consumption hike. Meanwhile, the French economy grew by 0,5 percent putting the the country at it its highest jump since the beginning of 2011.