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Eurozone economy posts 0.1% Q2 growth despite global trade instability
The post Eurozone economy posts 0.1% Q2 growth despite global trade instability appeared on BitcoinEthereumNews.com. The Eurozone economy slowed sharply in the second quarter of 2025, growing just 0.1%, according to figures released Wednesday by Eurostat. The number beat the flat outlook that economists surveyed by Reuters had predicted, but still reflected the impact of weakened trade flows and rising tariff pressures. Growth had come in at 0.6% in the first quarter, driven largely by American firms rushing to import goods before new U.S. duties took effect. Trade tensions between Washington and Brussels have been the biggest drag on momentum. Donald Trump’s reciprocal tariffs, first rolled out in April, set the tone for the quarter. While some levies were rolled back during ongoing talks, new sector-specific duties on items like automobiles, aluminum, and steel remained in place throughout the period. The latest EU-U.S. trade agreement imposes a 15% tariff on most European imports. Some products will avoid duties, and tariffs on cars have been scaled back to their base rates, but the overall uncertainty has left businesses across Europe exposed. Jack Allen-Reynolds, deputy chief Eurozone economist at Capital Economics, said, “The slowdown in euro-zone GDP growth in Q2 came as no surprise as the boost from tariff front-running waned.” He explained that the temporary strength in Q1 came from U.S. buyers stockpiling early to dodge future tariffs. Jack added, “The euro-zone has been resilient to the shifts in US trade policy so far… the impact of trade policy uncertainty has seemingly been limited so far.” Germany contracts, Spain and France outperform Data from Destatis, released the same day, showed that Germany, the region’s largest economy, contracted 0.1% in Q2. That matched forecasts and marked a drop from its 0.3% expansion in Q1. Construction and industrial investment fell over the quarter, while consumer and public spending edged up. This weak showing is just the latest in…
The post Eurozone economy posts 0.1% Q2 growth despite global trade instability appeared on BitcoinEthereumNews.com.
The Eurozone economy slowed sharply in the second quarter of 2025, growing just 0.1%, according to figures released Wednesday by Eurostat. The number beat the flat outlook that economists surveyed by Reuters had predicted, but still reflected the impact of weakened trade flows and rising tariff pressures. Growth had come in at 0.6% in the first quarter, driven largely by American firms rushing to import goods before new U.S. duties took effect. Trade tensions between Washington and Brussels have been the biggest drag on momentum. Donald Trump’s reciprocal tariffs, first rolled out in April, set the tone for the quarter. While some levies were rolled back during ongoing talks, new sector-specific duties on items like automobiles, aluminum, and steel remained in place throughout the period. The latest EU-U.S. trade agreement imposes a 15% tariff on most European imports. Some products will avoid duties, and tariffs on cars have been scaled back to their base rates, but the overall uncertainty has left businesses across Europe exposed. Jack Allen-Reynolds, deputy chief Eurozone economist at Capital Economics, said, “The slowdown in euro-zone GDP growth in Q2 came as no surprise as the boost from tariff front-running waned.” He explained that the temporary strength in Q1 came from U.S. buyers stockpiling early to dodge future tariffs. Jack added, “The euro-zone has been resilient to the shifts in US trade policy so far… the impact of trade policy uncertainty has seemingly been limited so far.” Germany contracts, Spain and France outperform Data from Destatis, released the same day, showed that Germany, the region’s largest economy, contracted 0.1% in Q2. That matched forecasts and marked a drop from its 0.3% expansion in Q1. Construction and industrial investment fell over the quarter, while consumer and public spending edged up. This weak showing is just the latest in…
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