The above chart shows various economies in the EU and their respective GDP. The European Union (EU) economy consists of an internal market of mixed economies based on free market and advanced social models. This week it was officially confirmed that the UK is the slowest growing economy in the EU so far this year with GDP growth for Q2 at 0.3%. Germany lead GDP growth for the first half. Spanish GDP growth came in three times higher than the UK. Italy wasn’t much better expanding at 0.4%.

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