India, April 30 -- Euro area economic growth accelerated in the first quarter as exports may have benefited from higher demand from the U.S. ahead of the imposition of higher trade tariffs.
The quarterly growth in gross domestic product doubled to 0.4 percent from 0.2 percent seen in the fourth quarter of 2024, preliminary flash estimates from Eurostat showed on Wednesday.
Economists had forecast the single-currency economy to grow again by 0.2 percent.
Year-on-year growth in Eurozone was steady at 1.2 percent in the first quarter. This was also stronger than the forecast for 1.0 percent expansion.
The next estimate for the first quarter is slated to be released on May 15. The details of GDP components for the first quarter will be avai...