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LoginEurozone Economy Contracts in First Quarter as Growth Momentum Weakens
Brussels, June 05 (QNA) - The eurozone economy slipped into contraction during the first quarter of 2026, according to final estimates released by the European Union's statistical office, Eurostat.
Data showed that gross domestic product (GDP) across the 20-member single-currency bloc fell by 0.2% compared with the previous quarter, a sharp downward revision from earlier estimates that had indicated growth of 0.1%.
The figures mark a reversal from the final quarter of 2025, when the eurozone economy expanded by 0.2%, highlighting a loss of economic momentum at the start of the year.
On an annual basis, the economy grew by just 0.3% in the first quarter of 2026, slowing significantly from the 1.2% year-on-year growth recorded in the final quarter of 2025.
The weaker-than-expected performance underscores the challenges facing the eurozone economy, with slowing activity and subdued demand contributing to a marked deceleration in growth.
Economists will be closely monitoring upcoming data for signs of whether the downturn proves temporary or signals a more prolonged period of economic weakness across the currency bloc. (QNA)
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