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Eurozone GDP grows by 0.2 pct in 2nd quarter

08-17-2011 10:31 BJT

BRUSSELS, Aug. 16 (xinhua) - Both eurozone and EU GDP grew by 0.2 percnet in second quarter (Q2) as from first quarter (Q1), according to a report released by Eurostat, the statistical office of the European Union.

This may hint some slowdown in economic growth in both zones, the rates for Q1 in both zones was 0.8 percent.

Compared with the same period in 2010, seasonally adjusted GDP increased by 1.7 percent in both zones in the Q2 of 2011, after 2.5 percent in both zones in the previous quarter.

Among member states of both EU, Estonia saw highest growth rate in GDP, up 1.8 percent on a quarterly base and 8.4 percent on an annual base. But the two major engines for EU, Germany and France, both underwent some slowdown in economic growth.

Germany recorded a GDP growth of 0.1 percent in Q2, while quarterly growth rate for Q1 was as high as 1.3 percent. France saw GDP growth in Q2 at zero, while the rate for Q1 was 0.9 percent.

But there is still some good news, Italy, which stays at focal points of attention regarding euro debt crisis recently, reported higher growth rate in Q2. GDP grew at 0.3 percent in Q2 on a quarterly base, while the rate for Q1 was only 0.1 percent.

Editor:Wang Xiaomei |Source: Xinhua

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