The eurozone economy slowed in the second quarter

Economic growth in the 13-nations that share the same currency, narrowed to 0.3 percent in the second quarter after a quarterly increase of 0.7 percent in the first three months.

It was the slowest pace in a
year. Compared to a year ago, eurozone economy grew by 2.5 percent in the
second quarter, down from 3.2 percent in the previous quarter.
The European Commission estimated the eurozone economic growth in the third
quarter would be among the range of 0.3-0.8 percent, 0.2-0.8 percent in the
fourth quarter, and 0.2-0.9 percent for the first quarter of 2008.
As a comparison, U.S. economy quickened its pace in the second quarter,
increasing by 1.0 percent quarter on quarter after a 0. 2-percent increase in
the first quarter. In Japan, the economic growth rate was 0.1 percent in the
second quarter of 2007, after a 0.8 percent increase in the first quarter.