With a growth of 0.4% in the first quarter of 2019, the economy of the eurozone is showing signs of recovery. These results are slightly higher than expected: growth was estimated at 0.3% for the first three months of the year. However, this improvement could only be temporary.
Acceleration of Growth
The eurozone exceeded forecasts in the first quarter of 2019. According to the figures published on Tuesday, April 30, by the European statistics office Eurostat, the eurozone economy recorded a growth of 0.4% in the first quarter of 2019.
“A level higher than what was expected by economists (+0.3%) and twice the 0.2% [growth] of the last quarter [of 2018],” notes Eurostat.
Despite these results, however, it did not reach the expected level of consumption.”
In summary, no acceleration, but no downturn either.
A Temporary Improvement?
Because even though the eurozone’s economic results are better than expected, “this bright spot may not last as the continued weakening of economic indicators suggests that the eurozone GDP growth recovery in the first quarter will not be sustainable.”
