You are here: Home » International » News » Economy
Business Standard

Eurozone economy grows twice as fast as UK's for second straight quarter

GDP increased 0.6% on the quarter, after slightly downwardly revised 0.5% in Q1

Reuters  |  Brussels 

The euro zone economy confirmed a robust expansion in the second quarter of the year, growing twice as much as Britain for the second consecutive quarter, preliminary estimates released by the European Union's statistics agency showed on Tuesday. The reading confirmed the trend begun this year as the 19-country currency bloc consolidates its recovery while Britain starts to feel the negative impact of its decision to quit the European Union. Gross domestic product (GDP) in the euro zone increased 0.6 per cent on the quarter, after a slightly downwardly revised 0.5 per cent ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, August 01 2017. 22:02 IST