Konjunktur: Euroraum wächst im Frühjahr schneller als die US-Wirtschaft
Die Euro-Wirtschaft legt im Frühjahr um 0,6 Prozent zu. Damit wächst sie schneller als erwartet – und auch stärker als die US‑Wirtschaft. Zwei Länder stechen dabei besonders hervor.
In early spring, the Eurozone economy grew faster than initially reported, according to Eurostat statistics agency. The Gross Domestic Product (GDP) increased by 0.6% from April to June compared to the previous quarter, higher than the initial estimate of 0.4%. This growth surpassed the US economy, which only expanded by 0.4% in the same period.
A significant contributor to this revision was Ireland's strong performance, with its GDP growing by 10.2% in spring, much higher than the initial estimate of 3.9%. Ireland's economy is heavily dependent on a large multinational sector, particularly the pharmaceutical industry. The surge in growth for the second quarter was also attributed to many of the country's productions being stored at the beginning of the year and exported in the second quarter.
In the first three months of the year, the Eurozone economy stagnated. Apart from Ireland, Spain also stood out as one of the growthiest countries in the spring, with a 0.7% increase, largely driven by the booming tourism sector. Germany managed a growth of 0.3%, while Italy saw a 0.2% increase in its GDP, whereas the French economy remained stagnant. Prior estimates had only predicted a 0.2% increase for Italy.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
