BRUSSELS: Growth in the eurozone halved in the second quarter, official data showed on Friday, with analysts warning that the consequences of Brexit could harm the economy further later in the year.
The Eurostat statistics agency said economic growth in the 19-nation single currency bloc slowed to 0.3 per cent in the April to June period, with stagnation in France largely contributing to the poor data.
This was down from a far more robust expansion of 0.6pc in the previous quarter, though analysts had said that result was due to a surprisingly warm winter in Europe. The latest figures were in line with forecasts of analysts surveyed by data company Factset, and meant the eurozone grew by 1.6pc over 12 months.
Published in Dawn, July 30th, 2016
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