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

Opinion

Editorial

‘Source of terror’
Updated 29 Mar, 2024

‘Source of terror’

It is clear that going after militant groups inside Afghanistan unilaterally presents its own set of difficulties.
Chipping in
29 Mar, 2024

Chipping in

FEDERAL infrastructure development schemes are located in the provinces. Most such projects — for instance,...
Toxic emitters
29 Mar, 2024

Toxic emitters

IT is concerning to note that dozens of industries have been violating environmental laws in and around Islamabad....
Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...