Eurozone GDP grew 0.3% in Q2, slower than the US's 0.7%, with Germany contracting slightly.

The eurozone's GDP grew by 0.3% in Q2, slower than the US's 0.7%, with Germany experiencing a slight contraction. Europe faces high taxes, strict regulations, and cautious consumer behavior due to inflation, energy prices, and pandemic measures. The US benefits from strong consumer spending and government support, leading to a growth gap that highlights Europe's challenges and the region's uncertain ability to catch up.

August 03, 2024
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