Friday, August 14, 2015

Eurozone growth slowed in Q2 – The Economist

The Eurozone growth slowed slightly in the second quarter, up 0.3% compared to 0.4% in the first, said Friday the European statistics office Eurostat in a first estimate.

The eurozone growth slowed slightly in the second quarter, up 0.3% compared to 0.4% in the first, said Friday the European statistics office Eurostat in a first estimate .

This figure is lower than expected by analysts interviewed by Bloomberg, who predicted growth of 0.4 percent.

The GDP of the euro area rose by 1.2% in the second quarter compared to the same period last year.

By country, the performances are contrasted. Spain (1%) and Greece (0.8%) recorded strong growth, and Germany, traditional engine of the euro zone recorded a GDP growth of 0.4%, an improvement over the first quarter, but disappointed analysts

More modest growth was Italy (0.2%) and zero in the case of France.

ERP

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