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France’s GDP gets €1bn lift from giant cruise ship as German economy shrinks

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Analyst says eurozone could have turned a corner as it avoids recession with 0.3% growth

The delivery of the world’s second-largest cruise ship lifted France’s economy in the second quarter, according to official data that also showed Germany heading into a recession.

Built in Saint-Nazaire for cruise ship operator Royal Caribbean, the Utopia of the Seas added €1bn (£840m) to French economic output, helping to increase trade growth to 0.6% in the three months to end of June and gross domestic product to 0.3%.

Continue reading…Analyst says eurozone could have turned a corner as it avoids recession with 0.3% growthBusiness live – latest updatesThe delivery of the world’s second-largest cruise ship lifted France’s economy in the second quarter, according to official data that also showed Germany heading into a recession.Built in Saint-Nazaire for cruise ship operator Royal Caribbean, the Utopia of the Seas added €1bn (£840m) to French economic output, helping to increase trade growth to 0.6% in the three months to end of June and gross domestic product to 0.3%. Continue reading…