The economy of the euro zone had, in the first quarter, a similar growth of 1.0%, a slowdown compared to the 1.8% of the previous one, and maintained the chain decline of 0.1%, according to data released this Thursday by Eurostat.
In the European Union (EU), GDP growth also slowed down to 1.0% year-on-year (1.7% in the first three months of 2022) and accelerated, in comparison with chains, by 0.1% , compared to the decrease of 0.2% registered between last October and December.
Between January and March, Spain (3.8%), Cyprus (3.4%) and Malta (3.2%) registered the highest year-on-year increases in GDP, with Estonia (-3.7%), Lithuania (- 2.7%) and Hungary (-1.1%) were the main decreases.
According to data from the EU statistical service, Poland (3.8%), Luxembourg (2.0%) and Portugal (1.6%) registered the largest quarterly accelerations in GDP, with Ireland (-4.6%), Lithuania (-2.1%) and the Netherlands. (-0.7%) at the top of the falls.
Regarding the occupancy rate, in the first quarter of the year the euro area showed an interannual increase of 1.6% and a quarterly increase of 0.6%, compared to 1.5% and 0.3% in the previous period .
In the 27 Member States as a whole, employment increased by 1.6% year-on-year and 0.5% year-on-year, after having grown by 1.3% and 0.3%, respectively, in the fourth quarter of 2022.
Source: TSF
