Eurozone 1Q GDP Growth Rate 0.3%... Exceeds Expectations
[Asia Economy Reporter Minwoo Lee] According to Bloomberg on the 17th, the Eurozone's Gross Domestic Product (GDP) growth rate recorded 0.3% quarter-on-quarter. This exceeded the market expectation of 0.2%. It was the same rate as in the fourth quarter of last year.
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Year-on-year, it recorded 5.1%, slightly surpassing the market forecast of 5.0%. It also increased compared to the 4.7% growth rate in the fourth quarter of last year.
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