Eurozone GDP growth accelerated to 0.6% in the second quarter, despite the war

MADRID, 17 Ago. (EUROPA PRESS) -

The gross domestic product (GDP) of the euro zone grew by 0.6% in the second quarter of 2022 compared to the previous three months, when it had registered an expansion of 0.5%, according to the second reading of the data published by Eurostat , which lowers the first estimate by one tenth.

In the European Union as a whole, the rate of GDP growth remained at 0.6% in the first quarter, despite the impact of the war in Ukraine. Compared to the second quarter of 2021, the progression of activity in the euro zone was 3.9% and 4% for the Twenty-seven.

In this way, the growth of 0.6% of the GDP of the eurozone and the EU in the second quarter of 2022 contrasts with the contractions during the same time interval in the United States, with a fall of 0.2% of the activity, and in the United Kingdom, where GDP fell by 0.1% in the quarter.

Among the Member States for which data is available for the second quarter of 2022, the Netherlands (2.6%) recorded the largest increase compared to the previous quarter, ahead of Romania (2.1%) and Sweden (1 .4%), while falls in GDP were observed in Poland (-2.3%), Latvia (-1.4%), Lithuania (-0.4%) and Portugal (-0.2%).

Of the four large EU economies, Germany stagnated in the second quarter, after growing by 0.8% between January and March, while France's GDP increased by 0.5%, after falling two tenths in the first, and in Italy an expansion of 1% was observed, after 0.1% in the first three months.

In Spain, GDP growth was 1.1% in the second quarter, after advancing 0.2% in the first quarter of the current year.