Eurozone turning a corner as recession set to end
LONDON (AP) — Official figures are expected to show that the eurozone recession, which has lasted since 2011, ended in the second-quarter.
Eurostat, the European Union's statistics office, is expected to report Wednesday that the economy of the 17 countries that use the euro grew by 0.2 percent in the April-June period compared with the previous quarter.
The increase is slight. But it would end six straight quarters of a debilitating recession — the longest to afflict the single-currency bloc since its creation in 1999.
Germany, the region's economic powerhouse, is widely predicted to have been the major contributor to growth. Other countries, like Greece, are also seeing some improvement in economic activity, but remain in recession.