GDP in the 20-country bloc increased by 0.3% quarter-on-quarter in January-March for a 0.5% year-on-year rise
The euro zone economy rebounded in the first quarter from a mild recession as Germany returned to growth and expansion accelerated elsewhere, while inflation steadied to reinforce the case for the European Central Bank to cut interest rates.
The figures reflect general expectations of a slow recovery in the euro zone. The IMF forecast earlier this month that the bloc’s GDP would rise by 0.8 per cent this year, double the rate of 2023, and by a healthier 1.5 per cent in 2025 Germany, the euro zone’s largest economy, returned to growth in the first quarter with a bigger than expected 0.2 per cent expansion from the previous quarter due to exports and construction investment, which were boosted by unusually mild winter weather. However, fourth quarter numbers were revised to show a deeper dip at the end of 2023.
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