Eurozone GDP growth slows to 0.3 percent

The economic expansion in the 19-country eurozone slowed in the second quarter, official data showed, with the reading for the previous quarter being revising down a notch. Seasonally adjusted gross domestic product rose by 0.3 percent in the single currency bloc and by 0.4 percent in the wider European Union, compared with the previous quarter, said Eurostat, the EU’s statistic agency. In the first three months, GDP grew by 0.5 percent in the eurozone, Eurostat said, lower than the previous estimate of 0.6 percent published in August.