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Nine News: Sean Whelan, Economics Correspondent, reports that figures show the eurozone economy has come out of recession
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One News: Sean Whelan, Economics Correspondent, reports that figures show the eurozone economy has come out of recession
However, there was slightly less spring than expected after the area's top three economies fell short of market forecasts.
Gross Domestic Product in the eurozone rose 0.4% quarter-on-quarter after five consecutive quarters of shrinking output, but was 4.1% lower year-on-year.
Economists had on average forecast quarterly growth of 0.5% and a 3.9% annual decline.
Germany, France and Italy all reported a third-quarter increase in economic output, but the German 0.7% quarterly growth was below expectations of 0.8%, the French 0.3% increase only half of what was expected and the Italian 0.6% fell short of the 0.7% consensus.
The growth ends the deepest economic downturn in Europe since WWII but economists say recovery is likely to remain fragile.
