BRUSSELS—Eurozone economic growth was slightly less robust in the second quarter than forecast but still strong, and employment rose again, revised data from the European statistics office showed on Wednesday.
Eurostat said gross domestic product in the 19 countries using the euro rose 0.6 percent quarter-on-quarter in April-June for a 3.9 percent year-on-year rise. The office had previously estimated the quarterly growth at 0.7 percent and the year-on-year rise at 4.0 percent.
“This is still a solid outturn (outcome) which leaves the GDP figures painting a flattering picture of growth dynamics in H1 2022,” said Ricardo Amaro, economist at Oxford Economics.
But economists believe the second quarter growth might be the economy’s last hurrah before ever-higher inflation and supply chain problems cause a mild recession over the course of the next 12 months….