France is back in recession and German GDP disappoints

France has re-entered recession, with GDP growth of -0.2 per cent in the first quarter.

German GDP growth has risen just 0.1 per cent in the first quarter, when analysts had anticipated growth of 0.3 per cent. Growth in the last quarter of 2012 has also been revised down from -0.6 per cent to -0.7 per cent.