Thursday , August 11 2022

Economy: Eurozone, growth above forecasts but fragile



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With a 0.4% growth in the first quarter of 2019, the eurozone economy raises again. Results slightly higher than expected: growth was estimated at 0.3% for the first three months of the year. However, the improvement could only be temporary.

Faster growth

The eurozone beat the forecast in the first quarter of 2019. According to figures published on Tuesday, 30 April by the European statistics office Eurostat, the eurozone economy recorded a 0.4% growth in the first quarter of the year 2019.

"A level above expectations of economists (+ 0.3%) and twice as high as 0.2% t [de croissance] last quarter [de 2018]", said Eurostat.

Despite these results, however, they have not achieved the expected level of usage.

In synthesis, no acceleration, but no air hole either.

Temporary improvement?

Because if the economic results of the eurozone are better than expected, "this thinning could be threatened since the economic indicators weakened still suggesting that the first quarter's GDP recovery in the first quarter will not be sustainable.

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