menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Eurozone Economy Grows More Than Expected Despite US Tariff Turmoil

11 0
01.05.2025

The eurozone economy expanded more than expected at the start of the year, official data showed on Wednesday, despite US President Donald Trump's tariffs but global trade tensions threaten more pain and near stagnation in 2025.

The EU's official data agency said the 20-country single currency area recorded growth of 0.4 percent over the January-March period from the previous quarter.

The figure was higher than the 0.2 percent forecast by analysts for Bloomberg, and comes after the eurozone economy grew by 0.2 percent in the final quarter of 2024.

The 27-country European Union economy expanded by 0.3 percent, after 0.4 percent between October and December.

The better-than-expected data appears to be linked to advance purchases in the United States, before........

© International Business Times