Europe & Russia: Economic overview

August 2017

EU GDP growth improved in Q2 as the outlook for the UK remains uncertain.

GDP growth in the EU28 reached 2.2% year on year in Q2, up from 2.1% in Q1. Domestic demand in the eurozone has continued to be a key factor supporting growth, as have improved levels of investment. Unemployment is at a nine-year low, and the bloc’s economy has grown for 17 consecutive quarters. This stable expansion has supported gas markets in the region.