Economic growth in the euro area contracted in the second quarter



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Brussels, 31 July (Prensa Latina) Gross domestic product in the euro area increased by 0.3% in the second quarter, one-tenth less than what was achieved at the end of the first quarter. reported today the Statistical Office of Eurostat.
This figure reflects a slowdown in growth for the 19 countries that share the common currency and coincides with the contraction predictions of this zone revealed in recent days by the European Commission (EC).

Forecasts in two-tenths for growth in the euro area to 2.1 percent at the end of 2018.

Similarly, in its World Economic Outlook report, the International Monetary Fund (IMF ) estimates that the euro area should grow by 2% at the end of this year, which represents a loss of two-tenths of that previously calculated by the same agency.

For this regional bloc, the IMF forecasts place the growth of large economies as Germany down Italy and France

In due course, this entity felt that the increase in trade tensions was the biggest short-term threat to global growth.

rgh / ifs

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