The euro-area economy experienced a significant growth spurt at the start of 2025, with first-quarter output rising by 0.6% compared to the previous three months. This marks a notable improvement from the earlier estimate of 0.3% growth reported in mid-May. Countries like Ireland and Germany played a pivotal role, as their export activities surged in anticipation of US trade tariffs expected later this year. Economists surveyed by Bloomberg had predicted an upward revision, but the extent of the growth exceeded expectations.
— new from Bloomberg.com
