The euro area economy expanded as initially estimated in the second quarter despite tight credit conditions and high inflation damping demand.
Gross domestic product registered a sequential growth of 0.3 percent after remaining unchanged in the first quarter, flash estimate from Eurostat showed Wednesday.
Year-on-year, economic growth eased to 0.6 percent from 1.1 percent. Both quarterly and annual growth rates matched the preliminary estimate released on July 31.
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by Renju Jaya
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