Eurozone GDP beats expectations with 0.4% growth in first quarter [Yahoo! Finance]
CAIXABANK SA UNSP/ADR (CAIXY)
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Source: Yahoo! Finance
The outcome, which marks the fifth consecutive quarter of growth, outpaced expectations of 0.2% and signals a modest pickup in economic momentum across the 20-member currency bloc. The quarterly expansion doubled the 0.2% growth recorded in the final three months of 2024, providing a measure of reassurance to policymakers navigating through a period of sticky inflation and high interest rates. On an annual basis, seasonally adjusted GDP rose by 1.2%, unchanged from the previous quarter. The broader European Union economy grew by 0.3% in the first quarter, a slight deceleration from the 0.4% gain recorded in the final quarter of last year. Year-on-year, the EU's GDP also increased by 1.4%, maintaining the same pace as the prior quarter. Among the Member States with available data, Ireland posted the most robust quarterly performance, with GDP surging 3.2%. Spain and Lithuania followed with 0.6% expansions each. Germany, the bloc's largest economy, managed to exit its brief down
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