WORLD
Eurozone Q2 growth weakens
Baku, September 7, AZERTAC
There was only weak growth again for the eurozone economy between April and June, according to Euronews.
The final estimate from the EU’s statistics office confirmed gross domestic product in the 19 countries using the euro increased by 0.3 percent from the previous quarter.
It expanded by 1.6 percent from the same period last year.
Growth slowed sharply quarter-on-quarter in the eurozone’s top three economies, plunging in France from 0.7 percent in the first quarter to zero and in Italy from 0.3 percent to zero. In Germany it weakened to 0.4 percent from 0.7 percent.
The European Central Bank is due to publish its latest GDP and inflation forecasts on Thursday September 8.
Economists said ECB policymakers will be particularly concerned that the French and Italian economies have stagnated and that the largest growth component in the second quarter was exports, with household demand lacklustre while inventories fell and investment slowed.
FEEDBACK
Other news in this section
- 24.04.2024 [16:57]
Court investigates business corruption accusation against wife of Spanish PM
- 24.04.2024 [16:42]
Hungarian foreign minister to visit Azerbaijan
- 24.04.2024 [16:22]
Türkiye rejects ‘one-sided’ statements on 1915 events
- 24.04.2024 [10:54]
China to launch Shenzhou-18 crewed spaceship on April 25
- 23.04.2024 [13:59]
Tunisia, Algeria, Libya agree to advance cooperation
- 23.04.2024 [13:33]
Copernicus report shows year of weather extremes in Europe
- 23.04.2024 [10:19]
4 missing after vessel hit bridge in China's Guangdong
Azerbaijan, Bahamas Gymnastics Federation embark on cooperation
- 23.04.2024 [15:57]
Slovenia hosts high-level conference of Nizami Ganjavi International Center
- 23.04.2024 [15:18]
Azerbaijan Army’s tanks units hold competition, Defense Ministry VIDEO
- 23.04.2024 [15:02]
Azerbaijan produces over 7 billion kWh of electricity in Q1 2024
- 23.04.2024 [14:43]
Another 39 families relocated to Fuzuli city get house keys VIDEO
- 23.04.2024 [14:01]
Tunisia, Algeria, Libya agree to advance cooperation
- 23.04.2024 [13:59]
Copernicus report shows year of weather extremes in Europe
- 23.04.2024 [13:33]
Heydar Aliyev International Airport: the path to development
- 23.04.2024 [13:03]
Azerbaijan, Albania abolish visa regime
- 23.04.2024 [12:44]
Oil prices in global markets
- 23.04.2024 [11:24]
Türkiye hosts inaugural event on ocean action, climate crisis
- 23.04.2024 [11:02]
Azerbaijani oil price declines in global markets
- 23.04.2024 [11:00]
4 missing after vessel hit bridge in China's Guangdong
- 23.04.2024 [10:19]
10 killed after 2 Malaysian military helicopters crash
- 23.04.2024 [10:12]
Inter Milan win Italian Serie A title with 5 games left
- 23.04.2024 [09:57]
Pakistan-Azerbaijan Economic Integration Model: An Expert Opinion
- 22.04.2024 [23:55]
Azerbaijani FM embarks on official visit to Czech Republic
- 22.04.2024 [23:47]
President Ilham Aliyev concluded his working visit to Russia
- 22.04.2024 [23:32]
President of Russia: BAM shapes global logistics for the entire 21st century
- 22.04.2024 [21:34]
Chair of Georgian Parliament’s committee visits Milli Majlis
- 22.04.2024 [21:08]
Presidents of Azerbaijan and Russia had joint dinner
- 22.04.2024 [20:55]
Jordan welcomes Azerbaijan-Armenia agreement and border demarcation efforts
- 22.04.2024 [19:06]
Azerbaijani boxer beats Armenian rival at European Championships in Serbia
- 22.04.2024 [18:53]
Egypt reclaims 3,400-year-old stolen statue of King Ramses II
- 22.04.2024 [18:20]