19 countries in the euro area, such as Germany and France, GDP = gross domestic product from April to June increased by 2.0% from the previous three months, which was the second consecutive negative growth, for the first time in three quarters. It became a plus.
The EU-European Union Statistics Bureau announced on the 30th that the growth rate of GDP in the euro area from April to June was 2.0% compared to the previous three months.
Eurozone GDP, which had been negative for the second consecutive quarter, was positive for the first time in three quarters.
In addition, the annualized growth rate is 8.3%, which exceeds the momentum of the United States, which was 6.5% from April to June.
This is because effective infection control and vaccination have progressed in various European countries, and economic activities such as personal consumption and corporate production have recovered widely.
The EU expects Eurozone GDP to recover to pre-infection levels by the end of the year, saying the economy is recovering faster and stronger than originally expected, according to the latest economic outlook released in July. increase.
However, even in Europe, the delta strain of the mutant virus is spreading rapidly, and there are some cautious views as to whether the economy will recover steadily as the summer vacation period, when many people move across countries, is approaching. increase.