The eurozone economy grew faster than forecast in the first quarter, as Germany bounced back, helping the region to emerge from its recent stagnation.
Eurozone gross domestic product expanded at a quarterly rate of 0.3 per cent in the three months to March, according to data released on Tuesday, its fastest rate since the third quarter of 2022 and an improvement from a contraction of 0.1 per cent in the final quarter of last year. Economists had forecast 0.1 per cent growth.
Germany’s economy grew at a quarterly rate of 0.2 per cent in the three months to March, in a marked rebound from a 0.5 per cent contraction in gross domestic product in the previous quarter.
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