Euro zone GDP growth speeds up in Q1 despite Ukraine war, revised data show
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The final data show that euro zone growth gained speed in the first quarter from a lacklustre final quarter of 2021, despite Russia's Feb. 24 invasion of Ukraine, which disrupted supply chains, hit confidence and caused energy prices to soar.
The negative impact of the war is however expected to be felt in the second quarter. Growth in the euro zone slowed significantly in the last quarter of 2021, to 0.2% from a 2.3% quarterly expansion in Q3, Eurostat's final data show.
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