Euro-Zone Economy Grew Less Than Expected in Second Quarter
- Output rose 0.2%, compared to initial report of 0.3% expansion
- Data add to central bankers’ concerns about weak momentum
Central Zwickau, Germany.
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Euro-area momentum slowed in the second quarter, the latest piece of bad economic news for the European Central Bank.
Gross domestic product rose 0.2% from the previous quarter — less than the 0.3% initially reported by the bloc’s statistics agency. While trade and government spending supported growth, investment continued to be a drag, Eurostat said.