In the second quarter of 2022, the 19 countries of the euro area experienced economic growth of 0.7% compared to the first quarter of the year 2022, Eurostat announced on Friday 29 July. This increase is capped at 4% compared to the second quarter of 2021. More generally, compared to the first quarter of 2022, the EU saw its GDP grow by 0.6% over this period.
“Good news! Euro area economy outperforms expectations in Q2”, commented Commissioner for Economy Paolo Gentiloni on Twitter.