The rate of GDP growth in the EU and the euro area barely changed

The euro area economy grew as it was expected, while the European Union’s economy expanded somewhat more than in the first quarter of this year – according to a second estimate issued by the European Union’s Statistical Office (Eurostat), which is based on more accurate data.

According to seasonally adjusted data, the gross domestic product (GDP) increased by both 0.5 percent in the euro area and in the European Union, compared to the previous quarter in the three months ended on 31 March. (MTI)