Eurozone Economy Continues To Contract

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The Eurozone economy contracted 0.1% sequentially in the second quarter, following a 2.5% fall in the first quarter, the Eurostat said Wednesday. The statistical office, thus confirmed the flash estimate.

Compared to previous year, seasonally adjusted GDP dropped 4.7% in the second quarter, revised from 4.6% estimated initially. In the first quarter, GDP slipped 4.9%.

The Eurozone economy contracted 0.1% sequentially in the second quarter, following a 2.5% fall in the first quarter, the Eurostat said Wednesday. (Market News Provided by RTTNews)