Economics
Euro-Area Slowdown Puts Onus on Germany as Brexit Risks Gather
- Eurostat confirms second-quarter economic expansion of 0.3%
- Greece unexpectedly avoids falling into another recession
What European Earnings Season Signals for Investors
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Germany kept its place as the pillar of the euro-area economy in the second quarter, offsetting stagnation in Italy and supporting momentum before Britain’s vote to leave the European Union.
While expansion in the region cooled to 0.3 percent in the three months through June, that was in line with economists’ expectations. It was also the 13th straight quarter of growth. The German economy expanded 0.4 percent, twice as fast as predicted, while Italy’s unexpectedly stagnated.