The EU economy staged a comeback at the start of the year, following a prolonged period of stagnation. Though the growth rate of 0.3% estimated for the first quarter of 2024 is still below estimated potential, it exceeded expectations.
Activity in the euro area expanded at the same pace, marking the end of the mild recession experienced in the second half of last year.
Meanwhile, inflation across the EU cooled further in the first quarter. (...)
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