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.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com