"With the Brexit risk materialising on June 23, the eurozone growth outlook has weakened," said Florian Hense, economist at Berenberg Bank in anticipation of the growth data. BRUSSELS - Growth in the eurozone slowed in the second quarter to 0.3 percent, official data showed on Friday, with analysts warning that the consequences of Brexit could harm the economy further later in the year. Eurozone unemployment meanwhile was unchanged at 10.1 percent in June compared with May, but down from 11 percent in June 2015, Eurostat said. In the eurozone, Spain managed to grow a solid 0.7 percent despite being stuck in political deadlock since inconclusive elections last December. Signals so far are that economic activity in the eurozone is proving resilient despite the vote after strong initial shocks rocked the financial markets.

Source: Bangkok Post July 29, 2016 09:45 UTC