Zone euro Croissance Du Pib

The GDP in the Euro Area expanded 0.2% on quarter in the three months to June 2024, slightly lower than initial estimates of a 0.3% growth, and compared to a 0.3% rise in the first quarter. Government spending increased 0.6% while household consumption edged down 0.1% and investment shrank 2.2% as high prices and interest rates weigh. Meanwhile, exports rose 1.4% and imports increased at a slower 0.5%. Among the bloc's largest economies, an expansion was recorded in France (0.2%), Italy (0.2%) and Spain (0.8%) while the German GDP contracted 0.1%. Compared with the same quarter last year, the Eurozone economy expanded 0.6%, in line with the first estimates. The ECB expects the Euro Area will grow 0.9% in 2024, 1.4% in 2025 and 1.6% in 2026, according to the June 2024 projections.