Skip to main content
News

Euro zone grows more than expected in Q1 after recession

By April 30, 2024No Comments

The euro zone economy grew by more than expected in the first quarter of 2024, buoyed by a return to growth for Germany and strong expansion in Spain, preliminary data from the European statistics agency Eurostat showed today.

Gross domestic product increased by 0.3% quarter-on-quarter for a 0.5% year-on-year rise, compared with market expectations that both would expand by 0.2%.

The fourth quarter GDP figure was also revised down to a negative 0.1% from a previous 0.0%, meaning that the euro zone was in a technical recession in the second half of 2023.

Article Source: Euro zone grows more than expected in Q1 after recession

Copyright and Related Rights Act, 2000

This will close in 0 seconds