Economy

Eurozone Economy Expands: GDP Climbs by 0.4% in Q1 2025 Amidst Varied National Performances

Eurozone and EU Show Steady Economic Growth

In the first quarter of 2025, the Eurozone's GDP experienced a notable increase of 0.4%, as reported by Eurostat. The European Union wasn't far behind, with a 0.3% growth, signaling a period of economic resilience across the continent.

Yearly Growth Trends

Comparing year-on-year figures, the euro area and the EU saw their economies grow by 1.2% and 1.4%, respectively. This upward trend highlights the region's recovering economic health post-pandemic.

Highlights from Member States

Ireland led the pack with an astonishing annual GDP rise of 10.9%, followed by Lithuania and Spain with 3.2% and 2.8% growth. On the flip side, Austria, Hungary, and Germany faced declines, marking a diverse economic landscape within the Eurozone.