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    HomeLive CommentsEurozone GDP grew 0.2% qoq in Q1, EU up 0.4% qoq

    Eurozone GDP grew 0.2% qoq in Q1, EU up 0.4% qoq

    ActionForex
    By ActionForex

    Eurozone GDP grew 0.2% qoq in Q1, slightly below expectation of 0.3% qoq. Comparing with the same quarter a year ago, Eurozone GDP grew 5.0% yoy.

    EU GDP grew 0.4% qoq, 5.2% yoy. Among the Member States for which data are available for the first quarter 2022, Portugal (+2.6%) recorded the highest increase compared to the previous quarter, followed by Austria (+2.5%) and Latvia (+2.1%). Declines were recorded in Sweden (-0.4%) and in Italy (-0.2%). The year on year growth rates were positive for all countries.

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