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|" BRUSSELS Jonathan Drouin Canadiens Jersey , Aug. 1 (Xinhua) -- The preliminary flash estimate of the GDP in the second quarter of 2017 grew by 0.6 percent over the quarter before in both the eurozone and the EU28, marking a 2.1 percent and 2.2 percent rise year on year respectively, Eurostat said on its website Tuesday.
Compared with the first quarter, the seasonally adjusted GDP rose by 0.6 percent in the eurozone and the EU28 (including Britain) in the second quarter of 2017, said Eurostat in a report published on its website.
The first quarter witnessed a 0.5-percent GDP climbing in both zones compared with the fourth quarter of 2016 Carey Price Canadiens Jersey , said Eurostat.
On a year-on-year basis, the seasonally adjusted GDP rose by 2.1 percent in the eurozone and by 2.2 percent in the EU28 in the second quarter, said the EU's statistical office.
While the quarterly expansion of 0.6 percent in Q2 was in line with the consensus forecast, the Q1 outturn was revised down from 0.6 percent to 0.5 percent.
While the data for the first half of the year were a touch weaker than anticipated, there are several reasons for optimism Shea Weber Canadiens Jersey , said Jack Allen, a European economist, in a research published via think tank Capital Economics.
""First of all, German GDP data for Q2 have not yet been released, and the monthly data point to a sharp acceleration in growth there. So the euro-zone aggregate may yet be revised up. And July's consumer and business surveys point to continued fairly strong growth at the start of Q3 Cheap Jonathan Drouin Jersey ,"" said the Allen.
""The big picture then is that economy is performing well, which strengthens the case for the ECB to taper its asset purchases next year,"" said Allen, noting that eurozone Q2 GDP data might strengthen case for normalising monetary policy very gradually.
Meanwhile, thanks to the 0.6-percent growth Cheap Carey Price Jersey , European leaders heaved a big sigh of relief in the midst of a rising populism swiping the continent.
Eurozone policymakers will be cheered by today's growth figures, said Mehreen Khan of the Financial Times.
The health of the eurozone economy has confounded critics this year after a series of electoral setbacks for eurosceptic parties in the Netherlands, Austria, and France and has boosted business and consumer confidence, said Khan.
Besides the encouraging GDP growth Cheap Shea Weber Jersey , the European economy has already showed many buds of recovery in recent months.
Data from the Eurostat showed that Euro area annual inflation is expected to be 1.3 percent in July 2017, stable compared with June 2017. The seasonally-adjusted unemployment rate of the area has dropped to a nine-year low of 9.1 percent, with its economy having been expanding for 17 consecutive quarters.
Niels Thygesen, chairman of the European Fiscal Board, who believed that the European economy is coming back Adidas Jonathan Drouin Jersey , scoffed at the idea of ""recovery"" in an exclusive interview with EURACTIV last month.
""We are approaching normality. We should stop talking about a recovery phase,"" said Thygesen, proposing a return to a more prudent orientation for 2018.
China marks PLA's 90th anniversary with grand rally
China issues commemorative stamps to mark 90th birthday of PLA
Nanchang Uprising commemorated in east China's Jiangxi
World's first panda cub born to captive and wild parents
Military parade held to mark PLA 90th birthday (Part I)
SWAT team members take part in drill
Acrobatic show staged in China's Xinjiang
Martial arts competition held in China's Henan
BERLIN, May 20 (Xinhua) -- The first meeting of the G20 health ministers, with combating global health hazards as the focus Adidas Carey Price Jersey , concluded here on Saturday.
A declaration themed ""Together Today for a Healthy Tomorrow"" has been made, noting health is key to the G20 presidency of Germany this year.
The ministers affirm their role in strengthening the political support to global health by putting it on the G20 agenda, according to the declaration.
They also state their support to the leading role of the World Health Organisation (WHO) in global health cooperation and their intention to intensify global action and cooperation to address ever-evolving challenges in the declaration.
""Dangerous diseases and antimicrobial-resistant pathogens do not stop at national borders. They cause unspeakable human suffering and can dramatically set back the social, economic and political development of whole countries,"" said German Health Minister Hermann Groehe.
The ministers have carried out a crisis management exercise Adidas Shea Weber Jersey , dealing with a simulative transnational deadly disease outbreak, during the two-day meeting. The representatives from the WHO and the World Bank have also taken part.
Germany took over the presidency of the G20, the group of 20 world's major economies, last December from China.
Xi calls for public security forces to be loyal to CPC
China, Philippines agree to further improve bilateral ties
China Culture and Tourism Festival held in Toronto
Objects from Belgravia home of Lord Ballyedmond presented in Sotheby
China succeeds in mining combustible ice in South China Sea
In pics: Bangkok Seashell Museum
In pics: road on cliffs of Taihang Mountain in N China
In pics: Dongjiang Lake in C China's Hunan
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