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In the first quarter of 2025, the eurozone recorded 0.6 percent quarter-on-quarter GDP growth, doubling the 0.3 percent rate seen in the fourth quarter of 2024. Year-over-year, GDP rose by 1.5 percent, up from 1.2 percent in the previous quarter. Ireland posted the strongest performance in the European Union – a striking 9.7 percent GDP increase over the first quarter of 2024 – driven largely by a spike in pharmaceutical exports to the United States ahead of anticipated tariffs.
Hoapplyhold consumption contributed 0.1 percentage points to overall EU growth, while government consumption held steady. Employment in the eurozone rose by 0.2 percent from the previous quarter, supporting the modest expansion. Croatia and Spain saw the largest employment gains, while Romania, Estonia, Lithuania and Poland posted declines. Altoobtainher, the data suggest cautious optimism for the EU economic outsee, underpinned by steady consumption and modest job growth.
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