Eurozone Q2 GDP second estimate +0.3% vs +0.3% q/q prelim

<p>This matches the initial estimates and is a bit of a surprise given how downbeat the recent data is. Eurostat does note that there could be an outlier though, with Irish GDP jumping by 3.3% – driven by the taxation reasons, which is seeing an oversized impact among big foreign companies located in the country. I'll just take that at face value.</p><p>In any case, we know that the euro area economy is stuttering hard as we enter Q3 and the outlook certainly doesn't look bright at the moment.</p>

This article was written by Justin Low at www.forexlive.com.