Euro zone economy grows faster than expected on AI spending, confident consumers
AI investment, government spending and resilient consumers helped offset high energy costs and war-related drags, Eurostat said, as growth beat forecasts by 0.2 points.
- The euro zone economy grew faster than expected at 0.4% in the second quarter, boosted by AI spending and resilient consumer demand.
- Germany, the Netherlands and other major economies outperformed forecasts, while unemployment remained steady at 6.3%.
- However, high energy costs and geopolitical tensions are expected to dampen the economic recovery in the second half of 2026.
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Single currency countries grew 0.4% in a chain between April and June after a stagnant start of 2026. Portugal was the 5th country with the highest gross domestic product (GDP) chain growth rate.
The growth of the European Union economy in the second quarter, according to seasonally adjusted data, accelerated by 0.5 percent compared to the first quarter of this year. This was announced in a flash estimate by the EU statistical office Eurostat. The growth of the Czech economy accelerated by 0.4 percent compared to the previous quarter.
The eurozone economy grew more than expected in the second quarter of 2026, data released today showed, indicating the resilience of the European economy despite the energy shock caused by the war in the Middle East, France Press (AFP) reports.
(Brussels=Yonhap News) Correspondent Hyun Yun-kyung = The Eurozone economy showed surprising growth in the second quarter of this year, despite the impact of the Middle East war...
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