Growth accelerates for euro zone - BitcoinEthereumNews.com
KabuhayanBumibilis ang paglago para sa euro zone07 / 29 / 2022Balita ng Ethereum ng Bitcoin Growth in the euro zone economy accelerated in the second quarter of the year, but the regions prospects could be hit as Russia continues to reduce gas supplies. The 19-member bloc registered a gross domestic product rate of 0.7% in the second quarter, according to Eurostat, Europes statistics office, beating expectations of 0.2% growth. The euro zone posted GDP of 0.5% in the first quarter of the year. The numbers contrast sharply with the negative readings out of the United States for both the first at ikalawang isang-kapat, as the euro zone continues to benefit from the reopening of its economy after the pandemic. However, a growing number of economists are expecting the euro zone to slide into a recession next year, with Nomura, for example, forecasting an anual contraction of 1.2% and Berenberg pointing to a 1% slowdown. Even the European Commission, the executive arm of the EU, has admitted that a recession could be on the cards — and as early as this year if Russia completely cuts off the regions gas supplies. Officials in Europe have become increasingly concerned about the possibility of a shutdown of gas supplies,