BUSINESS

Greece had eurozone’s weakest Q2 growth rate

TAGS: Economy, EU, Euro

The eurozone economy grew at 0.4 percent in the second quarter, European Union statistics agency Eurostat announced on Friday, as business and other investments rose sharply while net trade was negative.

Eurostat confirmed its first estimate that the economy of the 19 countries sharing the euro currency increased by 0.4 percent quarter-on-quarter, while revising its year-on-year figure to 2.1 percent from an initial 2.2 percent.

Among eurozone countries, growth was strongest in Malta, Estonia and Slovakia, at 1.9, 1.4 and 1.1 percent respectively, and weakest in France, Greece and Italy, all at 0.2 percent.

The German economy expanded by 0.5 percent during the quarter.

There were no figures for Ireland and Luxembourg.

[Reuters]

Online