EU’s GDP up by 0.7% in Q1-22
Breaking News

EU’s GDP up by 0.7% in Q1-22

BRUSSELS, 8th June, 2022 (WAM) — In the first quarter of 2022, seasonally adjusted GDP increased by 0.6% in the euro area and by 0.7% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2021, GDP had grown by 0.2% in the euro area and 0.5% in the EU.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 5.4% in the euro area and by 5.6% in the EU in the first quarter of 2022, after +4.7% in the euro area and +4.9% in the EU in the fourth quarter of 2021.

Ireland (+10.8%) recorded the highest increase of GDP compared to the previous quarter, followed by Romania (+5.2%) and Latvia (+3.6%). Decreases were observed in Sweden (-0.8%), France (-0.2%) and Denmark (-0.1%).

Related posts:

  1. GDP improves by 1.9% in Q1 of 2022In the first quarter of 2022, South Africa’s gross domestic product (GDP) expanded by 1.9 percent. In a press conference on Tuesday, Statistician General Risenga...
  2. EU’s GDP up by 5.4% in 2021 but still below 2019 levelBRUSSELS, 29th June, 2022 (WAM) — In 2021, the EU’s real gross domestic product (GDP) showed a strong economic rebound and increased by 5.4%, even...
  3. GDP up by 0.7% in the euro area and by 0.6% in the EUBRUSSELS, 29th July, 2022 (WAM) — In the second quarter 2022, seasonally adjusted GDP increased by 0.7% in the euro area and by 0.6% in...
  4. Indonesia eyes GDP growth of 5.3% next yearJAKARTA, 18th August, 2022 (WAM) — The Government of Indonesia has set its economic growth target at 5.3% next year, President Joko Widodo said in...
  5. Latest GDP number eases recession fearsAccording to official data released on Thursday, the U.S. economy declined at a 0.6% annual pace from April through June. This is a little improvement...
  6. South Africa’s real GDP fell 0.7%1 in Q2 2022, Statistics SA saysThe nation’s real gross domestic product (GDP), which had seen two straight quarters of growth, shrank by 0.7%1 in the second quarter of 2022, according...
  7. Despite inflation, U.S. GDP grew last quarterThe U.S. economy grew at a 2.6% annual pace from July through September, the government reported Thursday, marking a remarkable return from the first two...
  8. GDP for October 2022: Scottish Secretary says “UK is not immune to the global aftershocks of the pandemic and Putin’s illegal war”Scotland’s GDP figures for October 2022 were released this morning. Scotland’s onshore GDP is estimated to have increased by 0.4% in October after declining by...
  9. Africa’s low global GDP contribution calls for immediate action — ECABy Lucy OgalueThe Economic Commission for Africa (ECA) says Africa’s low global Gross Domestic Product (GDP) contribution is a call for immediate action by governments...
  10. GDP increases by 0.1% in the fourth quarter of 2023GDP increases by 0.1% in the fourth quarter of 2023 Statistics South Africa (Stats SA) has announced that South Africa’s gross domestic product (GDP) increased...