Eurozone economy expands 0.4% in Q1

FXStreet (Mumbai) - The flash estimate released by the Eurostat on Wednesday showed the Eurozone economy expanded 0.4% quarter on quarter in the first quarter, missing the expected 0.5% growth rate. The Q4 20104 DP stands unrevised at 0.3%.

Year-on-year the GDP printed at 1.00%, missing the estimate of 1.1%. The previous quarter’s figures stand unrevised at 0.9%. Meanwhile, the first quarter US GDP stands at 0.1% compared with the previous quarter.

The Eurozone GDP was widely expected to print-in line with the expectations, thereby indicating a positive impact of the ECB’s QE program.