Economic growth in the eurozone accelerated at the fastest pace in two years at the start of this year, helping the bloc to shrug off fears of “stagflation”.
Output across the single currency area rose by 0.3 per cent in the first three months of the year, up from 0 per cent in the previous quarter and the best growth rate since Russia’s invasion of Ukraine in 2022. Economists had estimated a growth rate of 0.1 per cent in the first quarter.
Separate data from Eurostat, the statistical office of the European Union, showed that annual consumer prices inflation was stable at 2.4 per cent in April, unchanged from March, matching the weakest reading since July 2021 and in line with expectations.
“Growth is finally
