Eurozone GDP rises 0.6% year-on-year in Q2

Economy
Wed, 16 Aug 2023 17:14 GMT
Ireland, Romania see highest GDP growth rates in 2nd quarter
Eurozone GDP rises 0.6% year-on-year in Q2

The gross domestic product (GDP) in the euro area expanded by 0.6% in the second quarter of this year on a yearly basis.

According to Eurostat's provisional figures on Wednesday, GDP increased by 0.5% in the EU over the same period.

Among member states, Ireland posted the highest growth rate with 2.8%, followed by Romania with 2.7%.

Over the same period, Estonia (minus 3%), Hungary (minus 2.3%), Poland (minus 1.3%), Czechia (minus 0.6%), Latvia (minus 0.5%), and Germany (minus 0.1%) posted negative growth rates.

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