Eurozone exits recession as ‘big four’ economies beat forecasts

Eurozone exits recession as ‘big four’ economies beat forecasts

France, Spain, Germany and Italy helped by lower inflation and prospect of interest rate cuts

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The eurozone has bounced back from its shallow technical recession after a stronger than expected performance by its “big four” economies in the first three months of 2024.

After two successive quarters of 0.1% contraction in the second half of 2023, the 20 nations that use the single currency posted growth of 0.3% between January and March.

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