Gross domestic product (GDP) growth in the euro zone slowed to 0.2% in the first quarter of 2022, the European statistics agency Eurostat announced on Friday (29).
From October to December 2021, growth had been 0.3% for the 19 countries that share the single European currency.
For the European Union as a whole, GDP grew by 0.4% in the first quarter of this year, after registering 0.5% in the last three months of 2021, according to Eurostat.
Considering the last 12 months, with three consecutive quarters in positive territory, the increase in GDP in the eurozone is 5% and, in the EU as a whole, 5.2%, compared to the first quarter of 2021.
Among the main economies in the euro zone, Spain and Germany grew by 0.3% and 0.2%, respectively, in the first three months of the year.
Meanwhile, France experienced stagnation (0.0%), and Italy, a slight setback (-0.2%).
Portugal, with a solid growth of 2.6%, and the Czech Republic, with a GDP increase of 2.5%, appear as the best performers in the first quarter of the year.