Second estimate of euro zone GDP in Q2 +0.6% vs. +0.7% q/q preliminary

  • GDP +3.9% vs. preliminary +4.0% y/y

Little change from the initial estimate as the details reveal that Germany contributed to zero growth in the Eurozone economy in the second quarter. On the one hand, it is good to see that other countries in the region are doing well. But on the other hand, the evolution of what is supposed to be the “backbone” of Europe is rather worrying and the first signs show a further deterioration in Q3.


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