{"id":134364,"date":"2023-09-14T13:38:59","date_gmt":"2023-09-14T13:38:59","guid":{"rendered":"https:\/\/fin2me.com\/?p=134364"},"modified":"2023-09-14T13:38:59","modified_gmt":"2023-09-14T13:38:59","slug":"eurozone-q2-gdp-growth-revised-down","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/","title":{"rendered":"Eurozone Q2 GDP Growth Revised Down"},"content":{"rendered":"<p> The euro area <span>economy<\/span> logged only a marginal growth in the second quarter reigniting fears of a recession after the net trade acted as a drag on growth. <\/p>\n<p>Revised estimate published by the Eurostat on Thursday showed that the 20-nation currency bloc grew by a marginal 0.1 percent in the June quarter. The rate was revised down from 0.3 percent estimated on August 16.<\/p>\n<p>Nonetheless, the first quarter figure was revised up to 0.1 percent from the previous estimate of nil growth.  <\/p>\n<p>The expenditure-side breakdown for the second quarter, which was released for the first time, revealed that household consumption remained flat for the second straight quarter.<\/p>\n<p>At the same time, government spending gained 0.2 percent, in contrast to the 0.6 percent decrease a quarter ago. <\/p>\n<p>Gross fixed capital formation posted 0.3 percent growth, the same rate as seen in the first quarter. <\/p>\n<p>Suggesting that the net trade was a drag on GDP growth, exports fell 0.7 percent after remaining flat in the prior quarter. By contrast, imports gained 0.1 percent following a 1.3 percent decrease in the preceding period. <\/p>\n<p>With <span>business<\/span> surveys having turned down sharply in July and August, construction and industry struggling and the labor market easing, the euro area is likely to slip into a recession in the second half of the year, Capital Economics economist Andrew Kenningham said.  <\/p>\n<p>The statistical office also downgraded the second quarter annual economic growth rate to 0.5 percent from 0.6 percent. This followed a 1.1 percent rise in the first quarter. <\/p>\n<p>Among big-four economies, Germany, the largest euro area economy, flat-lined in the second quarter and Italy contracted 0.4 percent. Meanwhile, France and Spain expanded 0.5 percent and 0.4 percent, respectively. <\/p>\n<p>Data also showed that quarterly growth in employment eased to 0.2 percent in the second quarter from 0.5 percent a quarter ago. Annually, employment rose 1.3 percent after rising 1.6 percent. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3388890\/eurozone-q2-gdp-growth-revised-down.aspx?type=ts\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro area economy logged only a marginal growth in the second quarter reigniting fears of a recession after the net trade acted as a [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":134363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Eurozone Q2 GDP Growth Revised Down - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eurozone Q2 GDP Growth Revised Down - Fin2me\" \/>\n<meta property=\"og:description\" content=\"The euro area economy logged only a marginal growth in the second quarter reigniting fears of a recession after the net trade acted as a [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-14T13:38:59+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2023\/09\/Eurozone-Q2-GDP-Growth-Revised-Down-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/\",\"url\":\"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/\",\"name\":\"Eurozone Q2 GDP Growth Revised Down - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2023-09-14T13:38:59+00:00\",\"dateModified\":\"2023-09-14T13:38:59+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Eurozone Q2 GDP Growth Revised Down\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Eurozone Q2 GDP Growth Revised Down - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/","og_locale":"en_US","og_type":"article","og_title":"Eurozone Q2 GDP Growth Revised Down - Fin2me","og_description":"The euro area economy logged only a marginal growth in the second quarter reigniting fears of a recession after the net trade acted as a [...]","og_url":"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/","og_site_name":"Fin2me","article_published_time":"2023-09-14T13:38:59+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2023\/09\/Eurozone-Q2-GDP-Growth-Revised-Down-.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/","url":"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/","name":"Eurozone Q2 GDP Growth Revised Down - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2023-09-14T13:38:59+00:00","dateModified":"2023-09-14T13:38:59+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/eurozone-q2-gdp-growth-revised-down\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Eurozone Q2 GDP Growth Revised Down"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/134364"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=134364"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/134364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/134363"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=134364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=134364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=134364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}