Very good data for the EU and for Bulgaria were shown by an important institution.
The economy of the Eurozone and within the entire EU expanded in the second quarter of 2024 compared to the previous three months, according to data from the official European statistics agency Eurostat.
At the same time, Bulgaria’s GDP rose by 0.5% compared to the first three months of the year, with 9 EU member states recording better economic expansion in the second quarter. Eurozone GDP growth slowed to 0.2% from 0.3% in the first quarter, with the EU economy as a whole showing a similar slowdown.
The most solid growth on a quarterly basis in the second quarter of 2024 was recorded by Poland’s GDP (up 1.5%), followed by Greece (up 1.15%) and the Netherlands (up 1.0%). The largest contraction was reported by the economy of Ireland (decrease by 1.0%), followed by Latvia (decrease by 0.9%) and Austria (by 0.4%), as economic decline in the second quarter of 2024 reported 6 of the 27 member countries of the union.
Compared to a year earlier, the euro area’s GDP rose by 0.6% in the second quarter of this year after growing by 0.5% three months earlier, and in the EU as a whole by 0.8% after an expansion of 0.7 % in the first quarter.
Bulgaria’s GDP grew in the second quarter of 2024 by 2.1% compared to the same period a year earlier, with eight other EU members recording stronger economic growth, led by Malta (up 4.2%). Poland (with 4.0%) and Cyprus (with 3.7%), reported NOVA.
At the same time, the number of employed people in the EU and in particular in the euro area rose in the second quarter of 2024 by 0.1% and 0.2% respectively, compared to the previous three months, when it increased by 0.3%. Compared to a year earlier, employment increased in the euro area and in the EU by 0.8% each, after increases of 1.0% and 0.9% respectively in the first quarter.
#Excellent #news #money #surprise
