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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

Eurozone growth slips as Russia-Ukraine war pushes up energy costs

Pedestrians walk near the Arc de Triomphe in Paris, France
France’s economy unexpectedly ground to a halt in the first three months of 2022. Photograph: Mohammed Badra/EPA

Warning lights are flashing in the eurozone economy, with first-quarter growth in France stalling and shrinking in Italy, as Russia’s war in Ukraine drives up energy costs across the continent.

Figures from Eurostat, the EU’s statistics body, showed growth in GDP across the single currency area slipped to 0.2% in the first three months of 2022, down from 0.3% in the final quarter of 2021, when Omicron weighed on activity.

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