[AP]
Eurozone growth slowed down in the second quarter (April-June) of 2025, expanding at a 0.2% annual clip, from 0.6% in the first quarter, European statistics agency Eurostat says.
The results, in line with earlier estimates, may appear disappointing to some, but, to most analysts, are a sign of resilience to the turbulence and uncertainty that hit the global economy as a result of US President Donald Trump’s on-again, off-again tariff policy.
Seasonally adjusted eurozone growth, compared to the same quarter of 2024, was 1.4% in the second quarter, slightly down from 1.5% in the first. The US adjusted growth in the second quarter was 0.7% after a 0.1% shrinkage in the first.
These developments lessen the need for further rate cuts by the European Central Bank. The ECB also seems to believe that inflation has been brought under control.