Brussels - According to preliminary data released by the European Union's official statistical agency, Eurostat, on Wednesday, the gross domestic product (GDP) of the Eurozone in the second quarter of 2025 (Q2) slightly increased by 0.1% compared to the previous quarter. Across the wider EU, economic output increased by 0.2% year-on-year. Compared to the same period last year, the Eurozone economy grew by 1.4%, while the entire EU economy grew by 1.5%. 

The largest economy in the Eurozone, Germany, recorded a quarterly contraction of 0.1% in the second quarter after growing by 0.3% in the first quarter. Italy's GDP also fell by 0.1%, reversing the previous quarter's growth of 0.3%. In contrast, Spain has the strongest performance among major eurozone economies, with a year-on-year GDP growth of 0.7%. France and Portugal also achieved steady growth of 0.3% and 0.6% respectively. Compared to the fourth quarter of 2024, the growth rate of the Eurozone in the first quarter of 2025 was 0.6%, indicating a slowing trend. However, the European Central Bank (ECB) pointed out last week that the economy has "so far demonstrated overall resilience in a challenging global environment".