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Eurozone economic expansion slows in second quarter

by ChemOrbis Editorial Team -
  • 07/09/2016 (09:13)
According to media reports, data from the European Union’s statistics office, Eurostat, shows that the Eurozone’s second quarter economic expansion decelerated when compared to former quarters on the back of weaker inventories and investment. However, economic growth was still positive during the quarter and was pushed by two elements; strong exports and household demand.

Gross domestic product growth in the Eurozone posted a quarterly increase of 0.3% and an annual increase of 1.6%, with the support of net trade and household demand.

Between the April – June period, economic growth in both Italy and France retreated to zero on a quarterly basis while Germany’s economic growth fell by 0.4%.
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