Eurozone growth slumps
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Economic growth in the eurozone fell to 0.2% in the second quarter of this year, down from 0.8% in the first quarter, according to the Statistical Office of the European Commission.
Its latest flash estimate puts GDP growth in the eurozone behind that of the US, which grew by 0.3%. Japan, which is still dealing with the aftermath of the March 11 earthquake and tsunami, saw its economy shrink by 0.9%.
With 0.2% GDP growth in the second quarter, Britain overtook both France and Germany. France’s economic growth came to a halt, while Germany’s slowed to 0.1% following several months of relatively strong economic growth.
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