Eurozone grew by 0.4% in second quarter despite Middle East energy shock

The US economy experienced a slowdown in the second quarter, growing at an annual rate of 1.5%, which is lower than the 2.1% recorded in the previous quarter and below expectations. This decline occurs amidst the ongoing impact of the Middle East war. Conversely, the Eurozone grew by 0.4% during the same period, exceeding economists' expectations despite the energy shock caused by the Middle East conflict, demonstrating a more resilient pace of expansion.