By Adam Cadle
Euro area GDP fell by 0.2% in both the euro area and the EU27 during the second quarter of 2012, latest estimates by Eurostat have shown.
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Comparing these figures with the same quarter as last year, euro area GDP fell by 0.4%, and EU27 GDP fell by 0.2%.
The GDP growth rate in Spain fell by 0.4%, Italy’s growth rate fell by 0.7% and Hungary’s by 0.2%. UK growth rates fell by 0.7% compared with the previous quarter.
In Q2 2012, GDP increased by 0.4% in the US and by 0.3% in Japan. Compared with the same quarter as the previous year, GDP rose by 2.2% in the US and by 3.6% in Japan.
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