Euro area expanded at a slower pace in the second quarter and inflation eased to a 17-month low in July, supporting the European Central Bank's view that the single currency economy needs significant stimulus as the outlook is getting "worse and worse".
Gross domestic product grew 0.2 percent sequentially, following the first quarter's 0.4 percent expansion, preliminary flash estimate from Eurostat showed Wednesday. The rate was in line with expectations.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.