Economics
Stronger Euro-Area Economic Growth Defies Trade War Threats
- Second-quarter GDP revised to 0.4% from estimated 0.3%
- Trade tensions, China slowdown, Turkey threaten the outlook
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The euro-area economy grew faster in the second quarter than initially reported, suggesting some of the worries about the outlook at the start of the year may have been overdone.
Expansion was revised up to 0.4 percent from 0.3 percent, Eurostat said Tuesday, and a jump in investor confidence hints at less gloomy prospects for the second half. Growth in Germany and the Netherlands gathered pace in the three months through June, keeping solid momentum in the overall currency region despite global trade tensions and disappointing performances in France and Italy.