Eurozone economy grew 1.1% in Q2

UNITED STATES, WASHINGTON (VOP TODAY NEWS) — The economic growth of 19 eurozone countries, according to the second estimate, in the II quarter of 2019 amounted to 0.2% in quarterly terms and 1.1% in annual terms, the European statistical agency Eurostat reported.

The indicators fully coincided with the forecasts of analysts interviewed by Reuters, as well as with a preliminary assessment.

In the 1st quarter of 2019, the GDP growth of 19 eurozone countries amounted to 0.4% in quarterly terms and 1.2% in annual terms.

The aggregate GDP growth of the EU countries in the II quarter amounted to 0.2% in quarterly terms and 1.3% in annual terms. In the I quarter, the region’s GDP growth was 0.5% compared to the IV quarter of 2018 and 1.6% on an annualized basis.

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