Edition: International | Greek
MENU

Home » Business

Eurozone economy grows 0.5 pct in first quarter

By: EBR - Posted: Thursday, May 12, 2005

Eurozone economy grows 0.5 pct in first quarter
Eurozone economy grows 0.5 pct in first quarter

The eurozone economy grew 0.5 percent in the first quarter of 2005 from the figure for the previous quarter, an initial estimate released by the EU's statistics arm showed.

The growth marked an improvement from monthly growth of 0.2 percent in the final quarter of last year, data from Eurostat showed.

Over 12 months, the eurozone economy expanded by 1.4 percent in the first quarter.

In the 25-nation EU, the economy also grew 0.5 percent in the first quarter from previous quarter, when 0.3 percent growth was registered.

Over 12 months, the region saw growth of 1.7 percent in the first quarter.

Looking ahead, the European Union's executive commission forecast that the eurozone economy would book quarterly growth in a range from 0.2 to 0.6 percent, revising its outlook down by 0.1 percentage point. It has the same forecast for the third quarter.

READ ALSO

EU Actually

PM Francois Bayrou’s ‘moment de verite’

N. Peter KramerBy: N. Peter Kramer

France’s Prime Minister François Bayrou has proposed cutting two public holidays as part of a 2026 budget proposal to slash overall spending

Europe

Europe’s 2040 climate target isn’t just for environmentalists

Europe’s 2040 climate target isn’t just for environmentalists

Europe can’t decarbonise the world on its own. But it must develop policies that work so that other nations can copy and adapt them

Business

To save the Single Market, bring back Delors’ 1992 playbook

To save the Single Market, bring back Delors’ 1992 playbook

Most people familiar with EU affairs know the single market is a myth. Hailed as the bedrock of the European Union, it was never completed and is now crumbling.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2025. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron