Área Euro Taxa de Crescimento do PIB

The Eurozone economy grew by 0.4% in the first quarter of 2025, accelerating from 0.2% in the previous quarter and exceeding market expectations of 0.2%, according to a preliminary estimate. The pickup was supported by stronger domestic demand, driven by easing inflation, lower borrowing costs, renewed optimism following Germany's agreement to loosen fiscal constraints, and expectations of increased defense spending in the coming months. These developments helped offset persistent concerns over volatile U.S. tariff policies. However, economic momentum may soften in the months ahead, as the implementation of new U.S. duties begins to weigh on EU exports, while heightened uncertainty dampens investment and household consumption. Among major economies, Germany expanded by 0.2%, while Spain and Italy outperformed with growth rates of 0.6% and 0.3%, respectively. In contrast, France and the Netherlands recorded more modest growth, both at just 0.1%.