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August 14, 2018EU AND EURO AREA GDP, Q2 2018 [FLASH]
Eurostat reports today that real GDP rose by 1.7 per cent (seasonally adjusted annualized rate) in the European Union (unchanged from the preliminary flash estimate) and by 1.5 per cent in the Euro Area (revised up 0.1 percentage points) in the second quarter of 2018. Real GDP growth has slowed in the first two quarters of 2018 compared to growth in 2017.
Comparing Q2 2018 with Q2 2017, seasonally adjusted GDP rose by 2.2 per cent in both the Euro Area the European Union. The fastest growth over the past year, among countries reporting data at this time, occurred in Bulgaria (+3.4%), Cyprus (+3.9%), Latvia (+4.2%), Lithuania (+3.7%), Hungary (+4.4%), Poland (+5.0%), Romania (+4.2%), Slovakia (+3.9%) and Sweden (+3.3%). Slower rates of growth were reported in Belgium (+1.3%), Denmark (+0.8%), Italy (+1.1%), and the United Kingdom (+1.3%).
Source: Eurostat
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