eurozone

The eurozone grew at a rate of 0.6 percent in the second quarter, just ahead of the revised figure for the previous three months.

According to the official figures from Eurostat, released on Tuesday, annual growth in the 19-country bloc stands at 2.1 percent higher than a year ago.

The second quarter growth figure is slightly above that of the first quarter growth, which was revised down from 0.6 percent to 0.5 percent.

The figure comes just after those on Monday showed unemployment in the zone was at its lowest since 2009, adding to the increasing pile of evidence showing an improvement in the health of the Eurozone.

On Friday, figures showed Spain’s economy, one of the worst-hit by the financial crisis, grew by 0.9 percent in the second quarter.

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Miranda is the online editor of UK Investor Magazine. Her interests include private equity, crowdfunding, peer-to-peer lending, gender equality and coffee.