GDP growth across EU and euro zone decelerates in Q1 2018

GDP growth across EU and euro zone decelerates in Q1 2018

GDP growth across EU and euro zone decelerates in Q1 2018 Izvor: Stock Photo for free

Economic growth in the EU and the euro zone has slowed down in the first quarter of 2018 compared to the previous quarter, Eurostat’s early report said on Tuesday.

Seasonally adjusted GDP in the EU28 rose by 0.4 percent in Q1 2018, compared to the previous quarter, when it was up 0.6 percent.

Growth in the euro zone is also down, at 0.4 percent compared to 0.7 percent in Q4 2017. Among EU's largest economies, the United Kingdom’s economy growth decelerated the most – it is now at 0.1 percent, compared to 0.4 percent in Q4 2017.

In Germany, the EU’s largest economy, the growth rate has halved, at 0.3 percent compared to 0.6 in Q4 2017. France’s growth rate is at 0.3 percent as well, down from 0.7 in Q4 2017.

The strongest growth was recorded in Latvia and Poland, at the rates of 1.7, and 1.6 percent respectively. They are followed by Hungary, at 1.2 percent, and Finland, at 1.1 percent.

The data on the Croatian GDP growth rate in Q1 2018 was not available to Eurostat.

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