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The global fashion business journal

Nov 11, 201910:52pm

Eurozone grows 0.4% in first semester

The economy of Eurozone countries doubled its expansion rate regarding the last semester of 2018, when it increased a 0.2%. The growth was of a 0.5% in the whole European Union.

May 15, 2019 — 6:00pm
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European Commission Headquarters

 

The economy of the Eurozone increases on the first semester. The Gross Domestic Product (GDP) of the Eurozone countries has grown twice its rate of expansion, in relation to the last three months of 2018, when progressed a 0.4%. In inter-annual terms, the increasing was valued in a 1.2%.

 

In the whole European Union, the economy grew a 0.5% between January and March, positioning above the 0.3% of the previous quarter. Regarding the same period on the year before, the increase was of a 1.5%, according to Eurostat.

 

The improvement on the growth of Eurozone reflects the step forward of Spain, where the GDP increased a 0.7% in relation to the previous quarter. Germany, on their behalf, expanded a 0.4% its economy after having stalling it during the last trimester of 2018.

 

Hungary, with an increase of a 1.5%; Poland, rising a 1.5% and Romania, with a 1.3%, registered the biggest growth rates on the European Union. Only Latvia had a negative result, having a contraction of three tenths of its GDP.

 

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