The eurozone economy expanded at a significantly faster pace than estimated in the first three months of 2025, official data showed Friday, thanks to better-than-expected growth in Germany and strong output in Ireland.
Economists were quick to warn against reading too much into the data, describing it as “misleading” and warning of more pain to come because of volatile US trade policy.
The EU’s data agency said the 20-country single currency area recorded growth of 0.6 percent over the January-March period from the previous quarter, up from the 0.3 percent figure published last month.
That figure was itself a downward revision from a first estimate of 0.4 percent issued in April.
The boost came thanks to the EU’s economic powerhouse, Germany, recording 0.4 percent growth in the first q