Eurozone GDP grew by 0.1% in the second quarter, while Spain’s grew by 0.4%.

The eurozone economy expanded by 0.1% in the second quarter of 2023 compared to the previous three months, the same rate as in the first tranche of the year, Eurostat confirmed on Thursday.

In the case of Spain, GDP growth slowed to 0.4% in the second quarter from 0.5% in the first three months of 2023.

In turn, GDP in the EU as a whole stagnated from April to June, after growing by 0.2% in the first quarter. Compared to the second quarter of 2022, the GDP of the Eurozone increased by 0.5%, and that of the European Union by 0.4%.

Among EU countries for which data were available, Lithuania had the highest quarterly growth rate (2.9%), ahead of Slovenia (1.4%) and Greece (1.3%). Conversely, the worst performing countries in the quarter were Poland (-2.2%), Sweden (-0.8%) and Austria (-0.7%).

Among major EU economies, Germany stagnated in the April-June period after contracting 0.1% in the first quarter, while France accelerated its expansion to 0.5% from zero growth previously, while Italy’s GDP fell 0.4% after expanding 0.6%. % in the first quarter.

Thus, GDP growth in the Eurozone was once again substantially lower than in the United States, which registered 0.5% growth in both the first and second quarters.

Source: El Diario





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