The Eurozone's economy experienced a modest but steady expansion in the first quarter of 2024, with a 0.3% increase in GDP compared to the previous quarter.

This growth aligns with the initial flash estimate and mirrors the performance of the broader European Union (EU), which also saw a 0.3% increase in GDP.

On a year-over-year basis, GDP growth remained consistent at 0.4% for both the Eurozone and the EU, indicating a persistent, albeit gradual, economic upswing.

Employment figures also showed a positive trend, with a 0.3% increase in the Eurozone and a 0.2% rise in the EU compared to the previous quarter.

The annual employment growth rate stood at 1% in the Eurozone and 0.7% in the EU, reflecting a favorable job market and ongoing recovery efforts.

The steady growth in both GDP and employment underscores the resilience of the Eurozone and EU economies, fostering optimism for continued expansion in the coming quarters