Skinny European economy figures – Telegraaf.nl

Skinny European economy figures – Telegraaf.nl

While the Dutch economy by 0.5 percent growth in the valley climbs remains Europe as a whole quails. Economic growth in the euro zone has stagnated in the second quarter compared to the previous quarter, and inflatieis in July year on year dropped to 0.4 percent, a historic low. That EU statistics agency Eurostat reported this morning

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This performed the euro economies, slightly worse than expected. Economists were counting on an improvement in average by 0.1 per cent, growth would have been over in the first quarter. Slightly lower The economy of the euro countries was 0.7 percent higher than the previous quarter a year earlier. Growth in the first quarter was 0.9 percent per annum.

Voltages

According to economist Peter Vanden Houte of ING moderate figures raise questions about the strength of the recovery of the European economy. Normally should pick up again in the coming months growth, but according to the Economist put all the political tensions that expectation into question. According to him, it is more likely that growth will not come true than 1 percent. Higher this year

the Netherlands, with an economic growth of 0.5 percent still one of the better boys in the class. Spain even grew by 0.6 percent. The German economy, the largest in Europe, shrank by just 0.2 percent. The French economy grew for the second consecutive quarter of growth or contraction.

Inflation

The figure for inflation, by 0.4 percent year on year to the lowest level since October 2009, will corresponds to a preliminary estimate by Eurostat in late July. Inflation came in June in the euro area at 0.5 percent in July last year, the inflation in the eurozone to 1.6 percent. Inflation in the Netherlands came in July to 0.3 percent year on year, according to the statistics office.

According to Eurostat, inflation is mainly affected by the lower prices of food, fruit and telecom services. Inflation in the eurozone is quite some time now much lower than the level of approximately 2 percent where the European Central Bank (ECB) on targets

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