EU economy falls again, as Germany remains eurozone's problem child

FRANKFURT, Germany: Europe's economy is growing, but at a modest pace compared to the U.S.

In the second quarter, the eurozone's GDP grew by 0.3 percent, while the U.S. economy grew by 0.7 percent.

This growth gap highlights the challenges Europe faces, particularly Germany, the largest economy in the region, which saw a slight contraction of 0.1 percent.

The U.S. benefits from strong consumer spe