When an economic system contracts for 2 consecutive quarters, it’s typically thought of to be in recession. European policymakers can be hoping that two consecutive quarters of development are equally notable. Information launched on August 14th confirmed that, within the second quarter of the yr, the EU’s economic system as soon as once more grew by 0.3% towards the earlier quarter. Though nothing to jot down residence about by American requirements, such development is a reduction after greater than a yr of stagnation.