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Investing.com - The eurozone economy grew in a lackluster fashion in the second quarter, as uncertainty over U.S. tariffs weighed on the world’s second-largest economic bloc.
The combined gross domestic product of the economies of the 20 nations sharing the euro expanded by 0.1% in the second quarter, confirming an earlier flash estimate, marking the weakest pace of expansion since late 2023.
This represented a sharp slowing in growth from 0.6% in the first quarter.
On an annual basis, eurozone GDP rose 1.4%, below the 1.5% growth seen in the prior quarter.
The slowdown reflects growing caution among businesses and households, as they weigh easing inflation and lower borrowing costs against rising trade uncertainty, particularly due to U.S. tariffs.
Among the bloc’s major economies, Spain and France outperformed with growth of 0.7% and 0.3%, respectively. The Netherlands posted modest growth of 0.1%, while both Germany and Italy slipped into contraction, each shrinking by 0.1%.