Eurozone economic growth rose by 1.1% in the second quarter, inflation slowed again

The EU announced that the euro zone’s economic growth in the second quarter was 1.1% year-on-year, slowing down from the first quarter’s growth of 1.2%.

On a quarterly basis, the second quarter quarterly growth was only 0.2%, a slower than the first quarter growth of 0.4%, but in line with market expectations.

Eurozone inflation was 1.1% in July, down from 1.3% in June.

The unemployment rate in the region in June was 7.5%, the lowest in the last 11 years.