Global Economic & Market Outlook – Focus Notes (Wednesday, June 8, 2016)
Euro area Q1 GDP growth upwardly revised at 0.6%QoQ driven by domestic demand
According to the final estimate published by Eurostat, 1 real GDP growth on a seasonally adjusted basis (sa) came in at 0.6%QoQ (1.7%YoY) in the euro area (EA19) in Q1 2016, accelerating from 0.4%QoQ in the previous quarter. The highest rates of growth in core EA countries were recorded in Spain and Austria (both +0.8%) and Germany (+0.7%), while a negative rate of growth was registered in Greece (-0.5%).
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