News

Euro Zone’s GDP goes up

07 de junho de 2016

In Q1, the bloc’s economy grew 0.6% over the last three months of 2015 and 1.7% over January to March from last year.

Lisbon – The Gross Domestic Product (GDP) of the Euro Zone increased 0.6% in Q1 2016 in comparison to 2015’s Q4 and 1.7% over Q1 of last year. The data comes from a report released this Tuesday (7) by Eurostat, the statistics office of the European Union.

The bloc includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

In turn, the GDP of the European Union, which includes, besides the countries from the Euro Zone, Bulgaria, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden and United Kingdom, increased 0.5% over Q4 of last year. When compared to Q1 2015, it increased 1.8%.

*Translated by Sérgio Kakitani