The economy of the euro zone had a year-on-year growth of 4.1% in the second quarter and that of the European Union (EU) accelerated by 4.2%, according to Eurostat on Wednesday.
According to the European Statistical Service, compared to the first quarter, between April and June, the Eurozone’s Gross Domestic Product (GDP) increased by 0.8% in the Eurozone and by 0.7% in the average of the 27 member states.
Compared to the second quarter of 2021, the The largest GDP increases 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 the chain comparison, the Netherlands (+2.6%), Romania (+2.1%) and Croatia (+2.0%) showed the largest GDP increases, with the economies of Poland (+2.1%). ), Estonia (-1.3%), Latvia (-1.0%) and Lithuania (-0.5%) falling.
In Portugal, the The GDP registered a year-on-year increase of 7.1% and a zero quarterly variation.
Eurostat also indicates that the GDP volumes of the eurozone (1.8%) and the EU (2.3%) were, between April and June, above the levels registered in the fourth quarter of 2019, before the pandemic of Covid-19.
Eurozone GDP grows 3.9% in the 2nd quarter
As for the employment indicator, which is also published by Eurostat in the bulletin, it grew by 2.7% in the eurozone and 2.4% in the EU compared to the same quarter of the previous year.
In the comparison with the first three months of the year, the occupation grew by 0.4% in both areas.
Source: Observadora
