Eurozone Economy Accelerates in Q2

The economy in the 19 countries sharing the euro currency expanded by more than previously forecast on an annual basis, the European Union’s statistics office Eurostat said on Wednesday.

Euro zone gross domestic product (GDP) expanded by 0.6 percent in the second quarter compared to the first, as previously estimated, but the annual figure was upgraded to 2.2 percent growth, compared to 2.1 percent in an earlier estimate.

The annual estimate was also higher than the 2.1 percent expected in a Reuters poll of 28 economists.

Reuters

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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