The eurozone economy grew 4.1% year-on-year in the second quarter, and the European Union economy accelerated 4.2%, according to data from Eurostat, Released on Wednesday.
According to the European Statistical Service, compared to the first quarter, between April and June, the GDP of the Eurozone increased by 0.8% in the Eurozone and 0.7% in the average of the 27 member states.
On an annual basis, the largest increases in GDP were recorded in Ireland (10.8%), Malta (8.9%) and Slovenia (8.3%), with Estonia showing the smallest increase (0.3%), followed by Germany and Slovakia (1.7% each). . In Portugal, GDP recorded an annual increase of 7.1%.
In the series comparison, the Netherlands (2.6%), Romania (2.1%) and Croatia (2.0%) showed the largest increases in GDP, with the economies of Poland (-2.1%), Estonia (-1.3%), Latvia (-1.0%) and Lithuania (-1.0%) declining ( -0.5%). In Portugal, the chain difference was null.
Eurostat also notes that, between April and June, the GDP volumes of the Eurozone (1.8%) and the European Union (2.3%) were above levels recorded in the fourth quarter of 2019, prior to the COVID-19 pandemic.
Regarding the employment index, which Eurostat also publishes in the bulletin, it grew by 2.7% in the euro area and 2.4% in the European Union compared to the same quarter of the previous year.
Compared to the first three months of the year, employment grew 0.4% in both areas.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
