Q1 Eurozone Gross Domestic Product Weakened

Forex News

Just as German economic growth, Eurozone Q1 Gross Domestic Product growth has slightly softened. Eurostat reported that the economy rose by an annualized 2.5% in the first quarter of 2018. The economy expanded 0.4%. The growth was lower than 2.7% annual growth in the Q4 of 2017. Another report showed that Eurozone industrial production increased by an annualized 3.0% in March.

Mario Draghi admitted that the rate of economic growth has slowed but said there was no need in policy tightening. Some analysts believe that ECB will give its forward guidance on ending its QE program in July.