GDP growth in the EU may resume in the III quarter

  Economic growth in EU countries are likely to resume in the third quarter of 2009 thanks to a billion-dollar program to stimulate the economy, said in a Monday press release, the European Commission.

Eurozone GDP may grow by 0,2% in July-September and 0.1% in October-December, the statement says. The reduction rate up to 2009 is likely to be 4%.

"The situation has improved considerably in recent months. The second half will be more positive, but the boom would not come. Economic recovery continued until the end of 2010" - believes the chief economist at Citi country eurozone Juergen Michels.

France and Germany out of recession during the second quarter. Germany's GDP is expected to grow by 0,7% in the third quarter and 0,1% in the fourth. It is assumed that economic growth in France amount to 0,4% in July-September.

A recession in Italy and the UK are likely to end in this quarter. In Spain, the decline will continue until the end of 2009.

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