Saturday, August 15, 2015

EU economy grew 0.4% – Azteca News

Brussels, Bélgica.-La EU economy grew 0.4 percent in the second quarter of 2015, repeating the performance in the first three months of the year, according to estimates by the EU statistics office Eurostat published here today.

Meanwhile, the euro area rose 0.3 percent between April and June, one tenth less than in the previous quarter. Compared with the second quarter of 2014, Gross Domestic Product (GDP) of the 28 Member States of the EU increased by 1.6 percent and the partners of the euro 1.2 percent.

The results are respectively , one two tenths better than those recorded in the first quarter. Greece surprised with a growth of 0.8 percent, strengthening a timid recovery after zero growth in January-March and 0.2 percent contraction recorded in the last quarter of 2014, after the victory of the far left Syriza.

On an annual basis, the Greek GDP rose 1.4 percent after rising 0.5 percent in the first quarter. Among the main economies Europe, Germany had an increase of 0.4 percent in GDP and Spain 1.0 percent, in both cases more than in the previous quarter tenth.

In addition, the Business in France stagnated, following growth of 0.7 percent in the first three months of the year, while Italy improved 0.2 percent , one tenth less than in the previous quarter. UK, which is not part of the eurozone, rose 0.7 percent, three more than in January-March tenth.

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