Eurozone and European Union Q2 2019 growth slows to just to 0.2% (QoQ); Quarterly growth slowest in 5 years

Seasonally adjusted Gross Domestic Product (GDP) rose by 0.2% in both the Eurozone (EA19) and the European Union (EU28) during Q2 2019, compared with Q1 2019, according to a preliminary estimate published by Eurostat. Quarterly growth is now slowest in 5 years.

Eurozone European Union GDP Growth until Q2 2019

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Eurozone government debt to GDP at 86% and European Union government debt to GDP at 81%; Government debt to GDP soars for Cyprus and Greece

Government debt to GDP for the Eurozone stood at 85.9% at the end of Q1 2019 (as against 87.1% at the end of Q1 2018). For the European Union, the number was 80.7% (as against 81.6% at the end of Q1 2018).

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UK Q1 2019 GDP growth estimated at 0.5% (QoQ) and 1.8% (YoY); Manufacturing output soars; Trade deficit widens

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.5% in Q1 (January to March) 2019. In comparison with the same quarter a year ago (Q1 2018) UK GDP increased by 1.8%, the fastest growth since Q3 2017.

UK GDP upto Q1 2019

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Eurozone Q1 2019 GDP up by 0.4% and European Union Q1 2019 GDP up by 0.5%; Italy out of Recession

Seasonally adjusted GDP rose by 0.4% in the Eurozone or Euro area (EA) and by 0.5% in the European Union during Q1 (first quarter) of 2019, compared with Q4 2018, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union.

EU and Eurozone GDP growth up to Q1 2019

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U.S. Q1 2019 GDP growth estimated at 3.2%; Real disposable personal income growth slowed to 2.4%; Personal saving rate at 7%

Real gross domestic product (GDP) for the U.S. increased at an annual rate of 3.2% in the first quarter (Q1) of 2019, according to the advance estimate released by the Bureau of Economic Analysis (BEA).

US GDP upto Q1 2019 change from previous quarter

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European Commission (again) cuts GDP growth forecast for the European Union; Bank of England cuts UK GDP growth forecast; Germany forecast to grow slower than the UK despite Brexit

The European Commission slashed their GDP growth forecast for the European Union (excluding the United Kingdom) and the Eurozone for 2019 and 2020 citing slowing growth in China and weakening global trade.

The growth forecast for 2019 for the European Union (excluding the United Kingdom) was cut to 1.5% for 2019 (was previously forecast 2%) and for the Eurozone was cut to 1.3% (was previously forecast 1.9%).

Germany, Italy and the Netherlands all saw big downgrades for their growth outlook.

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