This Eurozone economy grew by 0.3 percent in the second quarter of 2023 Compared to the previous three months it remained stable, as confirmed by Eurostat on Wednesday.
In the entire European Union, GDP stagnated between April and June after 0.2% growth in the first quarter of the year.
GDP in the euro area compared to the second quarter of 2022 grew 0.6% and that of the EU 0.5%.
Highest quarterly expansion rate among EU countries for which data is available, Ireland (3.3%), ahead Lithuania (2.8%) and Slovenia (1.4%).
On the contrary, The worst performing countries in the quarter were Poland (-3.7%), Sweden (-1.5%) and Latvia (-0.6%).
Between April and June, one of the EU’s largest economies, Germany stalled after shrinking by 0.1% in the first quarter, France increased its growth from 0.1% to 0.5% and Italy after GDP grew by 0.6% in the first quarter. fell 0.3%.
In the case of Spain, GDP growth in the second quarter declined to 0.4% from 0.5% in the first three months of 2023.
Like this, GDP growth in the Eurozone was again significantly below that of the USIn the second quarter of the year, it grew by 0.6%, one-tenth of the 0.5% growth in the first quarter.