Eurozone economy grew in the first quarter of the year, while inflation continued to accelerate to set a new record high, presenting a complicated outlook to the European Central Bank that is trying to end stimulus and start raising rates like peers.
Gross domestic product grew 0.2 percent from the fourth quarter of 2021, when the economy expanded 0.3 percent, preliminary estimates from Eurostat showed Friday. Economists had forecast 0.3 percent growth.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.