Europe’s economy is growing again — but not by much. Growth came in at 0.3% in the April-to-June quarter, following zero expansion in the three months immediately before. Stronger performance in Spain and France helped. But Germany, the largest of the 20 economies that use the euro, is holding things back with zero growth. High […]
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EU Economy Sees Growth In Second Quarter.
Europe’s economy is growing again — but not by much. Growth came in at 0.3% in the April-to-June quarter, following zero expansion in the three months immediately before. Stronger performance in Spain and France helped. But Germany, the largest of the 20 economies that use the euro, is holding things back with zero growth. High inflation is still sapping consumer spending power despite rebounding travel. Another factor is the series of interest rate hikes from the European Central Bank, which are making it harder to borrow to spend or invest.