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Eurozone Economy Outperforms Expectations with 0.4% Growth in Q1
Eurozone Economy Outperforms Expectations with 0.4% Growth in Q1
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The Eurozone economy expanded by 0.4% in the first quarter of 2024, surpassing the 0.2% growth forecast by Reuters-polled economists. Smaller economies within the bloc drove the uptick, while traditional powerhouses like Germany and France showed minimal movement.
Germany, the Eurozone’s largest economy, posted a modest 0.2% GDP increase following a 0.2% contraction in Q4 2024. The growth was attributed to stronger consumer spending and business investment, according to price-adjusted data from the federal statistics office.
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