Euro Zone Growth Unchanged at 0.2 Percent

Eurozone economic growth lost momentum in the first three months of 2014, official figures show, with the growth rate unchanged from the previous quarter at 0.2%.

That was weaker than many economists had expected.

German growth picked up pace, with the economy expanding by 0.8%.

But France and Italy disappointed. The French economy failed to grow, while Italy’s contracted by 0.1%, having only just emerged from recession last year.

Spain’s economy grew by 0.4% in the first quarter.

Commenting on the eurozone figures, Chris Williamson from the economic research group Markit, said: “Although the economy has now grown for four consecutive quarters, the pace has failed to accelerate to anything other than lacklustre over this period.”

“The data therefore add to the likelihood of the ECB taking action at its June meeting to inject more stimulus into the economy,” he added.

via BBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.