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PARIS— Europe's two biggest economies have managed to dodge1 recession, but newly published statistics offer grim news for the region as a whole.
New figures released by Eurostat statistical2 agency show the economies of both the eurozone and the 27-member European Union shrank by 0.2 percent in the second quarter of the year.
Speaking on French radio, Economy and Finance Minister Pierre Moscovici offered a modestly upbeat reaction to the findings.
Moscovici said there were a few encouraging signs, including a small pickup3 in investment. But he said the fact that France's economy was faring slightly better than those of Italy and Spain was not good enough. Both economies contracted in the second quarters.
Analysts4 point to plenty of worrying indicators5. French household consumption shrank in the second quarter and unemployment is just below 10 percent.
Economist6 Nicolas Bouzou, director of the Asteres group, told RTL radio that means the Socialist7 government in France faces daunting8 challenges as it tries to both encourage growth and employment and cut the deficit9.
Experts are watching France carefully, fearing it may be the next country hit by the eurozone crisis. Some worry the fall may bring more bad news for the 17-nation currency area.
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1 dodge | |
v.闪开,躲开,避开;n.妙计,诡计 | |
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2 statistical | |
adj.统计的,统计学的 | |
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3 pickup | |
n.拾起,获得 | |
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4 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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5 indicators | |
(仪器上显示温度、压力、耗油量等的)指针( indicator的名词复数 ); 指示物; (车辆上的)转弯指示灯; 指示信号 | |
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6 economist | |
n.经济学家,经济专家,节俭的人 | |
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7 socialist | |
n.社会主义者;adj.社会主义的 | |
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8 daunting | |
adj.使人畏缩的 | |
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9 deficit | |
n.亏空,亏损;赤字,逆差 | |
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