ECONOMICS COMMENTARY
May 15, 2014
Eurozone stuck in low gear as economy grows by just 0.2% in first quarter
The Eurozone economy expanded 0.2% in the first three months of the year, below expectations of a 0.4% increase. Growth of GDP in the first quarter was identical to that seen in the final quarter of last year, which was revised down from 0.3%. Although the economy has now grown for four consecutive quarters, the pace has failed to accelerate to anything other than lacklustre over this period.
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