Eurozone GDP stagnated in the second quarter of the year to register zero growth over the first quarter, and the whole of the European Union (EU) rose by 0.2 %, one tenth less, according to the advance estimate released Thursday by the EU statistics office Eurostat.
The eurozone economy, weighed between April and June by the contraction in German GDP, the zero growth France and Italy technical recession, had recorded light but steady growth in the last quarters of 2013 and the first of 2014 to now stalling again.
EU growth slowed in a tenth from the first quarter , when GDP had increased 0.3%.
From year to year, GDP increased by 0.7 % in the euro compared with the second quarter of 2013 From year to year, GDP grew by 0.7% in the euro compared with the second quarter of 2013 and 1.2% in the manifold Community, after increasing 0.9% and 1.4%, respectively, in the three months immediately preceding.
Given the contraction of the German locomotive, zero growth for the second consecutive quarter France and technical recession in Italy , the Spanish economy grew by 0.6% between April and June, two points more than in January-March.
The UK was the country that grew in the second quarter, with 0.8%, a figure that repeats from the third quarter of 2013, except the fourth, where GDP grew a tenth least 0.7%.
Estonia left in the second quarter of the recession to grow its economy by 0.5% after two consecutive quarters in the red, and Holland managed to overcome the contraction of 0.4% experienced between January and March to return to growth, with 0.5%.
Romania plunged in late June in a technical recession GDP to decline 1.0% after contracting this a 0, and 2% in the first quarter.
Portugal, returned to growth with an increase of GDP 0.6% after a negative first quarter, as Sweden (0.2%).
Finland emerged from recession to grow a slight 0.1%, while Cyprus, under a bailout program, stayed late June into recession.
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