Eurozone: GDP Ticks Up Slightly

According to today's preliminary flash estimate, eurozone real GDP grew a non-annualized 0.1% in the first quarter of 2023.

Economic growth was quite slow in the eurozone in the first quarter, albeit uneven across member countries. While the currency union has so far avoided a recession, economic activity remains fragile and will continue to be in 2023 as the European Central Bank continues to raise interest rates.