Quotes from Societe Generale Cross Asset Research:
-The eurozone economy stagnated in Q2 according to preliminary Eurostat data just released. The unflattering result was led by a contraction in output in Germany and Italy, and zero growth in France.
-The result means that growth in the economy effectively slowed to an average of 0.1% in the first half of this year from an average of 0.2% in H2 2013.
-The German economy posted its first contraction in GDP (-0.2% qoq) since Q1 2013. The strongest growth was recorded in the periphery. Real GDP rose 0.6% qoq in Spain and Portugal. The Netherlands bounced back from a dreadful Q1 with a growth spurt of 0.5%
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