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Euronews
Euronews
Piero Cingari

Eurozone economy grows by 0.6%: Lagarde shuts door on July rate cut

LAGARDE European Union ECB Euro eurozone Economy ING GDP Eurostat Goldman Sachs

The eurozone economy posted a stronger-than-expected performance in the first quarter of 2025, with growth largely driven by investments and exports, reinforcing expectations that the European Central Bank (ECB) will adopt a more cautious approach to further rate reductions.

Gross domestic product (GDP) in the euro area expanded by 0.6% quarter-on-quarter, marking the fifth consecutive quarter of expansion, according to Eurostat's third estimate released on Friday.

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