24
May
Associated media - Associated media That was clear on Tuesday, when new data showed that economic output of the euro currency bloc grew 0.3 percent in the first quarter this year from the previous quarter, according to the European Union’s statistics agency, Eurostat. The eurozone economy shrank by 0.1 percent in both the third and fourth quarters of last year, a technical recession. Germany, which accounts for one-quarter of the bloc’s economy, barely avoided a recession in the first quarter of 2024, growing 0.2 percent. Spain and Portugal expanded more than three times that pace, showing that Europe’s economy continues…










