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EUR: Tied to 1.12, but Looking up – ING

  • In the first quarter of 2025, the eurozone's GDP increased by 0.3% from the preceding quarter, maintaining the region’s ongoing economic growth.
  • This growth followed a period of economic contraction in Portugal and Slovenia, which shrank by-0.5% and-0.8% respectively in the same quarter.
  • Industrial production surged 2.6% in March, marking the sharpest monthly gain since November 2020, driven by strong capital goods output and export activity.
  • Ireland led industrial growth with a 14.6% output increase and posted the highest quarterly GDP growth of 3.2% among member states in early 2025.
  • The growth and improving labour market come amid global trade tensions, including US tariffs that may slow future expansion and complicate EU-US trade relations.
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hnonline.sk broke the news in Bratislava Region, Slovakia on Thursday, May 15, 2025.
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