Growth of the euro area economy slowed in the first quarter

The economy of the euro area in the first quarter increased by 0.4% compared to the last quarter of 2017 and by 2.5% compared to the same period last year, preliminary data of the Statistical Agency Eurostat showed. GDP growth slowed down compared to the economic growth of 0.7% in the previous quarter. The growth indicators in April coincided with the expectations of the economists. Analysts predict that the growth rate of the euro area economy in the coming quarters will slow to a healthy growth rate of about 2% in annual terms.

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