Eurozone GDP grew by 0.4% in the first quarter

Eurozone GDP in the first quarter grew by 0.4% compared to the previous quarter, which was the weakest economic growth since the third quarter of 2016, according to the final data of the Statistical Office Eurostat. In annual terms, the economy of 19 eurozone countries grew by 2.5%. Both indicators coincided with the forecasts of the economists. The EU economy grew in the first quarter by 0.4% in quarterly terms and by 2.4% in annual terms. Compared to the fourth quarter of 2017, the biggest growth was registered in Latvia - by 1.7%. Relative to the same period in 2017, the most significant increase was also recorded in Latvia - by 5.2%.

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