Eurozone GDP expanded 0.3% on quarter in Q2, signalling an end to the region's recession. The growth represented a recovery from contraction of 0.3% in Q1 and topped consensus of +0.2%. Germany expanded again in Q2 after GDP was flat in Q1, boosted by domestic demand, fixed capital formation and a trade surplus. France exited recession, as did - most surprisingly - Portugal, whose economy grew 1.1%.
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