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Eurozone’s GDP rises 3.9% YoY in Q2

Eurozone’s GDP rises 3.9% YoY in Q2

Arab Finance: Gross domestic product (GDP) in the Eurozone rose 3.9% year-on-year (YoY) in the second quarter (Q2) of 2022, according to data released by the statistical office of the European Union (Eurostat) on August 17th.

Quarter-on-quarter (QoQ), the growth rate of GDP in the Euro area recorded 0.6% in Q2 2022, compared to 0.5% in Q1 2022, data showed.

Moreover, the Eurostat revealed that GDP in the European Union (EU) grew 4% YoY and 0.6% QoQ in Q2 2022.

It is worth noting that Eurozone is the monetary union of 19 countries that use the euro of the EU which comprises 27 member states.

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' Euro GDP EU

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