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A Pickup in Germany Drives Economic Growth in Eurozone

July 29, 2023
in Trade Tube
Reading Time: 1 min read
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The S&P 500 hit a 2015 high on Thursday and the rally continues Friday, as geopolitical pressures in Ukraine ease, this as a cease-fire with Russia is set to take effect on Saturday. Meanwhile, officials in Greece are working towards a debt deal and numbers released Friday morning showed eurozone GDP rose 0.3% during fourth quarter, largely driven by Germany’s 0.7% jump in GDP. TheStreet’s Scott Gamm speaks with Michael Hewson, chief market analyst with CMC Markets to discuss the what drove Germany’s economic expansion and how a Greek exit from the eurozone could lead to the demise of the euro.

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