The eurozone economy unexpectedly contracted at the beginning of the year

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The eurozone economy shrank unexpectedly at the start of the year, with Eurostat revising first-quarter gross domestic product (GDP) data to a 0.2% drop from a previously reported 0.1% rise, the EU’s statistics agency said on Friday.

Analysts expected the earlier estimate to be confirmed. The downward revision was caused by weak economic data from Ireland.

At the end of 2025, the economy in the common currency area grew by 0.2%. Compared to the same quarter last year, eurozone GDP rose 0.3% in the January-March period – also a downward revision from the previous estimate.

Among the largest economies of the Eurozone, Spain recorded the strongest growth of 0.6% compared to the previous quarter. Germany and Italy rose by 0.3% each, while France fell by 0.1%.

Ireland recorded a particularly sharp decline, with economic output down 12.1% in the first three months of the year.

Ireland regularly experiences extreme swings in key economic data. This is due to multinational corporations whose financial results affect the country’s national economic figures and can significantly distort them.

(Vijesti.ba / FENA)

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