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2025-07-30 17:30:31
Eurozone GDP grew 1.4% year-on-year in the second quarter, exceeding expectations, with Ireland leading the way. (1) Eurozone GDP grew 1.4% year-on-year in the second quarter of 2025, a slight slowdown from 1.5% in the first quarter, but exceeding market expectations of 1.2%. By country, Ireland led the way with a 16.2% growth rate, followed by Lithuania (3%), Spain (2.4%), and Portugal (1.9%). Germany (0.4%) and Italy (0.4%) had the lowest growth rates. (2) The European Central Bank projects 0.9% growth in the eurozone this year, but warns that US tariffs could have a larger-than-expected impact. Despite the recent US-EU agreement, the 15% tariff on most European goods has drawn strong criticism from the business community.
