EU GDP growth rate confirmed at 0.4 percent in Q2 2018

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GDP growth across the EU and euro zone continued at a rate of 0.4 percent in Q2 2018, unchanged from the previous quarter, while economic activities have picked up in Croatia, Eurostat’s report showed on Friday.

In Croatia, economic activities grew by 1.1 percent in Q2 2018, after a 0.8 percent growth in the first quarter. Slovakia recorded the same rate in the period.

The strongest growth was recorded in Malta (1.9 percent), and Estonia and Romania, (1.4 percent), while the weakest growth was recorded in Denmark, Greece, France, and Italy (0.2 percent).

On the year, GDP growth across EU and the euro zone slowed down to 2.1 percent, 0.1 percent down from Eurostat’s estimates.

In the first three months of 2018, EU economy grew by 2.3 percent, 2.4 percent in the euro zone.

In Croatia, GDP in Q2 2018 went up by 2.8 percent on the year, while in Q1 the growth rate was 2.6 percent compared to the same period in 2017.

According to Eurostat data, Malta recorded the strongest GDP growth compared to Q2 2017, at 5.7 percent, followed by Poland (5 percent), Hungary (4.6 percent), Latvia (4.4 percent), Slovenia (4.3 percent), and Romania (4.2 percent).

The weakest growth on the year was recorded in Denmark (0.6 percent), followed by Italy (1.2 percent), Great Britain (1.3 percent), and Belgium (1.4 percent).

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