ANKARA: Gross domestic product (GDP) in the euro area increased 0.3% quarter-on-quarter this January-March, shifting from a 0.1% contraction in the previous two quarters, according to a flash estimate on Wednesday. This is the strongest quarterly GDP growth since the third quarter of 2022, Eurostat data showed. The GDP in the full EU also rose 0.3% from the previous three month period in the first quarter, after being stagnated in the previous two quarters. Germany, Europe's largest economy, saw a 0.2% growth in the first quarter of 2024 after contracting by 0.5% in the final quarter of 2023. On an annual basis, the GDP increased 0.4% in both the euro area and the EU in three months to March. The eurozone/euro area, or EA19, represents member states that use the bloc's single currency, the euro, while the EU27 includes all of its member countries. Source: Anadolu Agency
Related Articles
US banks’ fee income helps offset lower interest income: Fitch
ISTANBUL: American banks’ fee income in the second quarter has helped offset their lower net interest income, according to reported financial results, Fitch Ratings said Wednesday.
“The largest U.S. banks maintained prudent reserves and capital to co…
Oil mixed with demand drop in US, ongoing Middle East unrest
ANKARA: Oil prices are little changed on Thursday amid data showing a drop in demand in the US offset by ongoing geopolitical tension in the Middle East.
International benchmark Brent crude traded at $82.92 per barrel at 10.26 a.m. local time (0726 G…
Fyodor Lukyanov: Finland may come to regret joining NATO when everyone sobers up
So, Finland has officially become the 31st member of NATO. It was supposed to join the military bloc together with neighboring Sweden, but Stockholm has so far stumbled because of Turkish intransigence. It will join later, of course.This enlargement is…