Eurozone GDP up by 0.1pc in Q2: Eurostat
BRUSSELS, July 30 (Xinhua) — The Eurozone’s gross domestic product (GDP) rose slightly by 0.1 percent in the second quarter (Q2) of 2025 compared to the previous quarter, according to preliminary figures released Wednesday by Eurostat, the European Union’s (EU) official sta..
✨ Key Highlights
The Eurozone's Gross Domestic Product (GDP) saw a modest increase of 0.1 percent in the second quarter of 2025, as reported by Eurostat. This follows a stronger growth in the previous quarter, indicating a slowing trend in economic expansion.
- The Eurozone economy grew by 0.1 percent quarter-on-quarter, while the broader EU grew by 0.2 percent in Q2 2025.
- Eurostat, the official statistics office of the European Union, released these preliminary figures.
- Germany and Italy experienced a slight contraction of 0.1 percent, while Spain showed strong growth of 0.7 percent.
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Global Trade Tariffs and Economic Impact - July 2025
The Eurozone's Gross Domestic Product (GDP) increased by a modest 0.1 percent in the second quarter of 2025, according to Eurostat, indicating a slowing trend in economic expansion. Adidas announced plans to raise prices for US customers, citing an anticipated €200 million cost increase due to new US tariffs, primarily affecting products manufactured in Asia. Adding to global trade tensions, US President Donald Trump warned India could face tariffs as high as 25% if a trade deal is not finalized by the August 1 deadline, aiming to reduce the significant US trade deficit with the country.
