Eurozone 2Q GDP Up 0.6%... In Line with Expectations

The Eurozone (20 countries using the euro) saw its second-quarter gross domestic product (GDP) grow by 0.6% compared to the same period last year. It increased by 0.3% from the previous quarter.

On the 14th, the European Union (EU) statistical office announced that the Eurozone's second-quarter GDP rose by 0.6% year-on-year. This matched the forecast and exceeded the previous figure of 0.4%.

Compared to the previous quarter, it also increased by 0.3%, which was in line with expectations.

Previously, the Eurozone experienced technical recession after recording negative growth rates for two consecutive quarters in the third and fourth quarters of last year.