The Eurozone economy grew 0.4 per cent in the second quarter, surpassing expectations, despite continued volatility in energy markets triggered by the US-Iran war.
The figure was above the 0.2 per cent growth projected by economists in a Reuters poll. It marked an improvement on the upwardly revised figure of zero growth in the first three months of the year.
The outcome was “absolutely remarkable” given the geopolitical uncertainty and elevated energy prices, said Karsten Junius, chief economist at Bank J Safra Sarasin.
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