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Economic growth in the euro area was better than expected
Economic growth in the euro area performed better than expected in the first quarter, according to a flash estimate by the European Union’s statistical office. GDP growth exceeded the previous quarter and analysts ’forecasts on both a quarterly and annual basis. Hungarian GDP growth was well above the EU average.
In the first quarter of this year, seasonally adjusted gross domestic product (GDP) grew by 0.3 percent on a quarterly basis in the euro area and 0.4 percent in the EU. Analysts expected a 0.2 percent quarterly increase in the eurozone in the first quarter. (MTI)
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