Quarterly economic growth slowed in both the euro area and the EU

Euro area economy grows 5 percent year-on-year in first quarter
Euro area GDP growth slowed to 0.2 percent in the first quarter from 0.3 percent in the previous quarter, but year-on-year GDP growth accelerated to 5 percent from 4.7 percent in the previous quarter.
Euro area gross domestic product growth of 0.2 percent in the first quarter is the lowest since exiting last year’s recession and falling short of market expectations of 0.3 percent. (MTI)
Related news
KSH: The services foreign trade surplus was 2.2 billion euros in the first quarter
In the first quarter of 2025, exports of services in…
Read more >Domestic companies are maneuvering amid increasing tensions
The average inflation in the euro area is around 2.5%,…
Read more >Russian cucumbers flood the EU: the market for Polish producers is tense
Although the European Union’s sanctions policy on Russian agricultural products…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >