The euro zone's economy increased by 0.7% in the second quarter

Xinhua News Agency, Brussels, July 29 (Reporter Kang Yi) Preliminary data released by the EU Statistical Bureau on the 29th shows that after the seasonal adjustment, the GDP of the EUR area in the second quarter of this year increased by 0.7%.0.6%.

Data show that after the seasonal adjustment, the euro zone and EU GDP in the second quarter of this year both increased by 4.0%year -on -year.

From the perspective of the country, the EU's largest economy in Germany increased in zero -month -old GDP in the second quarter. In the same period, GDPs in France, Spain, and Italy increased by 0.5%, 1.1%, and 1.0%month -on -month.

The data also shows that in the first quarter of this year, the euro zone GDP increased by 0.5%month -on -month and a year -on -year increase of 5.4%; EU GDP increased by 0.6%month -on -month and a year -on -year increase of 5.5%.

The Dutch International Group stated that the euro zone economy barely avoided the atrophy in the second quarter, covering up the potential weakness caused by high inflation and manufacturing problems.Belt Colene, a senior economist of the group, said that due to the weakened rebound effect of the service industry, the global demand was weakened, and the purchasing power continued to tighten. It is expected that the euro zone economy may have a mild decline in the second half of this year.

[Editor in charge: Liu Xiaodong]

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