The euro area economy in the second quarter did not grow as much as expected. Aggregate GDP for the period from April to June this year rose by just 0.6 percent from the first quarter, not 0.7 percent as previously expected, European statistics office Eurostat reported on Wednesday. of August.
At the beginning of the year, economic growth in the euro area was registered at just 0.5%. On an annualized basis, the region’s economy grew by 3.9%, not 4% as previously predicted.
Experts say that the eurozone economy is negatively affected by high inflation caused by the energy crisis in the context of Russia’s war in Ukraine. This year, experts expect economic growth in the euro zone of just 2.6%.
Source: DW
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