17.May .2022 23:00

GDP up by 0.4% in the EU

GDP up by 0.4% in the EU
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In the first quarter of 2022, seasonally adjusted GDP increased by 0.3% in the euro area and by 0.4% in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2021, GDP had grown by 0.3% in the euro area and by 0.5% in the EU.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 5.1% in the euro area and by 5.2% in the EU in the first quarter of 2022, after +4.7% in the euro area and +4.9% in the EU in the previous quarter.

During the first quarter of 2022, GDP in the United States decreased by 0.4% compared to the previous quarter (after +1.7% in the fourth quarter of 2021). Compared with the same quarter of the previous year, GDP increased by 3.6% (after +5.5% in the previous quarter).