May 31, 2022 | Report
Amid high energy costs, supply disruptions, pandemic-related restrictions, and now the war in Ukraine, the Euro Area economy entered Q2 on a weak footing. Output growth increased by merely 0.3 percent in Q1 compared to the last quarter. By country, the German, Italian, and Spanish economies expanded modestly while economic growth in France dipped into negative territory. Looking ahead, The Conference Board downgraded the Euro Area’s economic growth projections for 2022 from 2.8 to 2.6 percent amid weak output growth in Q1 and growing uncertainty.
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