Eastern Europe boom cools

The eurozone economy grew faster in the second quarter than initially reported, suggesting some of the worries may have been overdone, while the boom in the big economies in eastern Europe, such as Poland, may be easing.

Eurozone expansion was revised up to 0.4% from 0.3%, Eurostat said. Growth in Germany and the Netherlands gathered pace in the three months through June, keeping solid momentum in the overall currency region despite global trade tensions.