Eurozone Grows 0% in Second Quarter

Growth in the eurozone as a whole flatlined in the second quarter, according to official estimates released on Thursday.

The eurozone saw 0.0% growth compared with the first quarter, according to Eurostat figures.

The economic bloc’s two largest economies, France and Germany, both performed worse than expected.

Germany’s Federal Statistics Office said the economy was “losing momentum”.

And official figures show the French economy saw no growth in the quarter.

Italy, the eurozone’s third largest economy, fell back into recession.

However, Portugal jumped from a 0.6% contraction in the first quarter to a 0.6% expansion in the second.

And Spain continued to recover, with 0.6% growth.

Meanwhile, annual inflation in the eurozone fell to 0.4% in July, its lowest rate since 2009.

via BBC

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