There is good news for Europe as economic and employment continue to grow across the continent.

Gross domestic product (GDP) in both the Euro Area and the European Union (EU) climbed by 0.3 per cent in the second quarter of 2024 compared to the previous quarter. In the first quarter of 2024, GDP increased by 0.3 per cent in both zones.

In the second quarter of 2024, GDP expanded by 0.6 per cent in the Euro Area and 0.8 per cent in the EU, compared to the same quarter the previous year, following a 0.5 per cent growth in the Euro area and 0.6 per cent increase in the EU.

In the second quarter of 2024, GDP in the United States increased by 0.7 per cent over the previous quarter. GDP climbed by 3.1 per cent compared to the same quarter last year (up from 2.9 per cent the previous quarter).

Employment growth in the Euro Area and EU

In the second quarter of 2024, employment climbed by 0.2 per cent in both the Euro Area and the EU compared to the previous quarter. In the first quarter of 2024, employment increased by 0.3 per cent in both zones.