Euro Zone, the economy grows more than expected

9 years ago - Published in Finance, Fundamental Analysis

According to the European Statistical Office, Eurostat, the third and final estimate of GDP for the 1st quarter indicates an increase of 0.6% on the quarter and 1.7% on year. These forecasts exceed those announced last month respectively 0.5% and 1.5%.

In the fourth quarter of the year there has been a growth of 0.3% qoq and 1.6% yearly. The entire European Union (EU) economy recorded an increase of 0.5% as compared to the cyclical same quarter last year, there was an increase of 1.8%.

In recent days, the ECB has revised the Eurozone growth estimates, estimating for this year's expansion to 1.6% from 1.4% previously indicated.