Reported 3 months ago
In the second quarter of 2024, both France and Spain experienced surprisingly strong economic growth, with France's GDP increasing by 0.3% and Spain's by 0.8%, exceeding economists' forecasts. This performance suggests resilience in the face of high interest rates, although underlying domestic demand in France was weaker than anticipated. Meanwhile, Spain's economy benefitted from robust domestic consumption and trade. These results could indicate steady growth for the euro area, ahead of forthcoming data that is expected to show a slight slowdown.
Source: YAHOO