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GDP: EUROSTAT REPORTS GROWTH IN EU INDEX IN SECOND QUARTER 2000.

Imports also picked up (+3.3% for the Euro zone and +3.1% for the EU15), whilst growth in investment recorded a strong slowdown compared to the previous quarter, both in the Euro zone (+0.5%) and the EU15 (+0.7%).Among the main partners of the EU, the US economy accelerated during the second quarter 2000, with a +1.4% increase in GDP, compared to +1.2% in the first quarter. A slowdown was observed in Japan (+1.0% against +2.5% in the previous quarter).Compared to the second quarter of 1999, Euro-zone and EU15 GDP both increased by +3.7%, while the US economy recorded a +6.1% increase. Japan experienced a +0.8% growth rate from April to June 2000.In the first six months of this year, the Euro-zone and the EU15 GDP indices rose by +3.6% and +3.5% respectively, compared to the same period a year before. The US GDP rose by +5.7%, and Japan recorded a +0.8% increase.Economic growth in the individual EU Member States during the second quarter of 2000 was somewhat heterogeneous: an acceleration was recorded in Denmark (+1.1%), Germany (+1.1%), Sweden (+1.1%) and the United Kingdom (+0.9%); a slowdown was noticed in Spain (+0.9%), the Netherlands (+0.8%), Belgium (+0.3%), Italy (+0.3%), and Finland (+0.3%). The GDP growth rate remained stable compared to the previous quarter in France (+0.7%) and in Austria (+0.8%).

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Publication:European Report
Date:Oct 14, 2000
Words:248
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