US EditionEuro zone growth downgraded but employment holding up
- Eurozone GDP grew by 0.3% in the first quarter of 2025, with data released on May 15 by Eurostat showing slower growth than initially estimated.
- The slowdown followed years of weak expansion despite steady employment, with firms possibly re-evaluating worker retention amid lack of a growth rebound.
- Major economies posted modest growth: Spain 0.6%, Italy 0.3%, Germany 0.2%, and France 0.1%, while employment grew by 0.3%, the strongest in four quarters.
- The euro held steady at $1.1185 after a recent dip, while the bloc’s annual GDP increase matched 1.2%, aligning with ECB's potential growth estimate.
- Despite subdued economic expansion, record-low unemployment and ongoing job creation suggest firms have not yet begun widespread layoffs, indicating resilience in the labor market.
10 Articles
10 Articles
Euro zone growth downgraded but employment holding up
The euro zone economy grew slower in the first quarter than initially estimated but employment held up well, indicating that the bloc keeps creating jobs despite years of anaemic expansion, data from Eurostat showed on Thursday.
Why the euro shows little - World News
The euro ultimately hardly moved after its little reset to the middle of the week. The joint currency noted on Thursday afternoon at $ 1.1185 and thus at the level from the previous evening. The European Central Bank (ECB) set the reference course to $ 1.1185 (Wednesday: 1.1214). The dollar cost 0.8941 (0.8917). Advertising Creat to the EUR/CNY and other foreign currencies with levers via CFD (Long and short) Act currency pairs such as EUR/CNY…
The euro area economy grows below expectations, but employment remains
The economy of the euro area grew slower in the first quarter than initially estimated, but the employment remained well, indicating that the block continues to create jobs despite years of economic expansion, they showed Eurostat data on Thursday (15).The Gross Internal Product (PIB) in the first three months grew 0.3%, under the initial estimate of 0.4%, but it was still an improvement in relation to the previous quarter, since the industrial …
Eurozone GDP growth downgraded in first quarter but employment holding up
The eurozone economy grew slower in the first quarter than initially estimated but employment held up well, indicating that the bloc keeps creating jobs despite years of anaemic expansion, data from Eurostat showed on Thursday (May 15).
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