Overview

• Eurozone GDP grew by 0.3% in Q1 2024, surpassing expectations of a 0.1% increase.
• Spain and France recorded higher-than-anticipated growth rates of 0.7% and 0.2%, respectively.
• Inflation in the Eurozone held steady at 2.4% in April, aligning with the European Central Bank's target.
• Core inflation, excluding volatile items like energy and food, decreased slightly, providing room for potential interest rate cuts.
• Despite economic growth, the European Central Bank is expected to begin reducing interest rates in June.