The GDP of the EU and the Euro Zone grew by 0.4 percent in the first quarter
The seasonally adjusted gross domestic product (GDP) both rose by 0.4 percent in the European Union's 28 member states and in the Euro Zone’s 19 countries in the first quarter, compared to the last quarter of last year – the second estimate of the EU's statistical office revealed on Tuesday. The data remained unchanged, compared to the flash estimate published at the beginning of May.
In an annual comparision, growth was 1.5 percent in the European Union, and 1.0 percent in the Euro Zone.
According to the data, tha largest increase occured in the Czech Republic (3.1 percent), in Cyprus and Romania (both 1.6 percent), followed by Poland, (1.0 percent), Spain and Bulgaria (both 0.9 percent), Hungary, Slovenia and Slovakia (0.8 percent). Significant drop in GDP was measured in Lithuania (-0.6 percent), Estonia (-0.3 percent), Greece (-0.2 percent) and Finland (-0.1 percent). (MTI)
Related news
The EU has strengthened the rules for the protection of geographical indications for food and beverages
At Tuesday’s meeting of the Agriculture and Fisheries Council, the…
Read more >The producer price of lamb rose by 16-18 percent
According to data from the European Commission, the European Union’s…
Read more >Our country is still at the forefront of horseradish cultivation
In addition to the domestic market, there is plenty of…
Read more >Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >