Preliminary estimates for first quarter growth in the EuroZone showed the economy expanding at a 1.8% annualized rate. Estimates also showed inflation rise to 1.8% year on year in April. While excessive inflation is troublesome, moderate inflation in Europe can help cash-strapped governments reduce their real debt burdens.
The author of the report, Eurostat, did not provide a country breakdown.
The better than expected economic results may be a blow to the nascent nationalist movements sweeping the continent and their anti-EU message. That will be tested this weekend when Marie La Pen battles Emmanual Macron for France’s presidency.
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