Eurozone Growth Slows to 0.1% in Q2 as High Inflation and Weak Exports Take Toll

Eurozone GDP growth was just 0.1% in Q2 2022, lower than initially estimated and down from over 1% last year.
Domestic consumption grew sluggishly due to high inflation. Exports also fell compared to last year.
Germany, Italy, and France, which make up half of EU GDP, showed weak or negative growth.
Employment grew moderately at 0.2% in the eurozone and 0.1% in the EU compared to last quarter.
The labor market overall is showing signs of slowing growth in both the eurozone and EU.

euronews.com

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