By Daniel Hunter
Following a record 18 months in economic contraction there was good news for the Eurozone today (Wednesday) as it came out of recession.
The bloc’s GDP grew by 0.3% in the second quarter of 2013, slightly ahead of forecasts, the Eurostat agency said.
The growth was widely expected after the German economy rose 0.7% between April and June.
However, the overall figure masks the mixed economic fortunes among the countries that make up the 17-country eurozone area.
Germany and France both posted stronger-than-expected growth, expanding 0.7% and 0.5% respectively.
Portugal, among the smallest and the weakest eurozone economies, showed the fastest growth, at 1.1%.
The country was one of three that had to take a multi-billion-euro bailout.
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