The eurozone economy grew in the first quarter beating expectations slightly, according to a second estimate…(MarketWatch)
Across the 19 countries that use the euro as their currency, gross domestic product grew 0.3% on quarter in the first three months of the year, the European Union’s statistics agency Eurostat said Tuesday, up from a first estimate of 0.2% for the period and compared with a 0.3% rise in the previous quarter. Economists polled by The Wall Street Journal forecast the economy to grow by 0.2%.
Year-over-year, the economy grew by 5.1%. This was also a beat as economists had expected slightly slower growth at 5.0%.