Growth is stronger than expected in the European Union

Growth is stronger than expected in the European Union

The Eurozone economy is recovering faster than expected from its winter solstice.

The European economy returned to strong growth from April to June, Utilizes the progress of vaccination against Kovid-19 and the gradual removal of health restrictions.

For the European Union, GDP grew by 2.1% in the second quarter, compared to 1.9% in the first quarter.

Home use was for the recovery engine. Expenditure on European households increased by 3.7% during the quarter on the back of a return to shops, leisure centers and tourism.

However, inequality from one country to another remains very strong, with Ireland gaining 6.3% and Portugal 4.9% … End of rankings Malta and Croatia continue to see their GDP deals.

Public spending also boosted growth due to stimulus packages and numerous health restrictions to combat pandemic.

In terms of employment, the number of employees increased by 0.7% Compared to the previous quarter, in the second quarter of 2021 in the Eurozone and the European Union. In the first quarter, employment in the eurozone and the European Union fell 0.2%.

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