Eurozone: GDP Ticks Up Slightly
According to today's preliminary flash estimate, eurozone real GDP grew a non-annualized 0.1% in the first quarter of 2023.
Economic growth was quite slow in the eurozone in the first quarter, albeit uneven across member countries. While the currency union has so far avoided a recession, economic activity remains fragile and will continue to be in 2023 as the European Central Bank continues to raise interest rates.
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