Wednesday, May 15, 2013

Germany ekes out growth, France slides into recession

Germany's economy crept back into growth in the first quarter of the year, after a sharp contraction at the end of 2012, while France slipped into recession, data showed on Wednesday.

Germany grew by just 0.1 percent on the quarter, weaker than expected as a harsh winter prevented a stronger rebound.

"The German economy is only slowly picking up steam," the Statistics Office said in a statement. "The extreme winter weather played a role in this weak growth."