In the second quarter of the year, Poland saw a year over year decline of 2.2% in its economic output, marking the largest decrease among the economies of EU member states, according to Eurostat data released on Thursday.

Overall, the EU’s gross domestic product (GDP), the measure of the bloc’s economic output, declined 0.2% compared to the previous quarter, as GDP in the euro area inched up by 0.1%. Seasonally adjusted GDP was up 0.5% year over year in the euro area, and 0.4% in the EU.

The data underperformed analyst estimates, with the EU data expected to rise by 0.3% and 0.6% over the previous year.

Eurostat found that the biggest increase in GDP compared to the previous quarter occurred in Lithuania, which rose 2.9%, followed by Slovenia at 1.4% and Greece at 1.3%.

After Poland, the biggest decreases were seen in Sweden, which fell 0.8%, and Austria, where GDP fell by 0.7%. Italy also saw a 0.4% decline.

Eurostat analysts noted also that although the economies of Germany, Portugal, Norway, and Switzerland had all remained stable compared to the previous quarter, all four nations had seen no growth, either.

Verified by MonsterInsights