German Economy Boost Europe Hope

German Economy Boost Europe Hope.

The Germans have released figures that their economy grew by 0.7% from April to June, sending positive news across Europe and markets rising.

Germany is the powerhouse of Europe and it is expected that Europe as a whole will finally pull out of recession with figures due this month.

What does this mean for the UK?

The UK will benefit from a buoyant Europe as they are our largest trade partner.

Comment

Expect positive sentiment for the next few months.  Stock markets may move up slightly but then fall back as quantitative easing, literally eases back in the US. 

Europe is a long way from recovery but the larger GDP nations such as the UK and Germany are seeing real growth.