Eurozone officially leaves recession crisis

Mario Draghi talks of the Eurozone crisis

Today the eurozone should officially come out of the longest recession of his short career, however this recovery would be weak and leaving the crisis that still afflicts the land is far, as analysts predicted on the European quarterly data published.

After six consecutive quarters of retraction, the Gross Domestic Product (GDP) in the euro area should grow by 0.1% or 0.2% for the second quarter, according to analysts.

Official figures will be released today at noon by the European statistics agency, Eurostat.

Earlier this month the president of the European Central Bank (ECB), Mario Draghi, said “confidence indices showed improvement, from low levels, confirming the scenario of a stabilization of the economy.”

The present data showed apparent signs of improvement in the spring, because for the first time in two years, the number of unemployed fell in June in the euro zone, but the unemployment rates are still at record levels.