Euro zone preliminary Q1 GDP +0.2% vs. +0.3% q/q expected

  • Before +0.3%
  • GDP +5.0% vs +5.0% y/y expected
  • Before +4.6%

Eurozone growth in the first quarter was slightly slower than expected, as the Russian-Ukrainian conflict weighed on activity since late February. Italy is the biggest victim of recent developments, its economy contracting by 0.2% in the first three months of the year, while Germany’s growth has helped to offset this somewhat with the stagnation of the French economy.


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