Italian economy stagnates as German growth slows

Thrugelmir

With a slow down in Europe. The UK is highly likely to feel the impact.

Italy's economy failed to grow between April and June as the country struggled with its creaking banking sector. GDP growth shrank to 0% in the second quarter compared to 0.3% in the first quarter.
Germany's economy also slowed in the second quarter, albeit less markedly than had been expected.Europe's largest economy expanded by 0.4%, down from 0.7% in the first quarter, but above forecasts of 0.2%.
Overall, a second estimate of GDP across the eurozone confirmed that growth halved to 0.3% from 0.6% in the first three months of the year. GDP also fell across the 28-nation European Union to 0.4% from 0.5% between the first and second quarters.

http://www.bbc.co.uk/news/live/business-36986376

mwpt

Thrugelmir wrote: »

With a slow down in Europe. The UK is highly likely to feel the impact.

Well, one things for sure, it definitely can't be related the to brexit vote.

CLAPTON

sadly just illustrates the unnecessary suffering, inflicted on the people of southern europe by the unrealistic, even if well intentioned political bigotry.
much better these countries abandon the euro religion and start to trade with all the countries of the world on an equal footing.

SailorSam

Well for all those that forecast it was going to be the end of the world here in the Uk if we left the EU, You've got to ask.... Did we get out just in time ?

Carl31

SailorSam wrote: »

Well for all those that forecast it was going to be the end of the world here in the Uk if we left the EU, You've got to ask.... Did we get out just in time ?

We are not out yet, but good that we jumped when we got the chance, we won't escape all the fall out but should lessen the blow