- 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.