It was the winter that never came: Europe rode out the energy crisis thanks to good weather, and the EU has so far avoided a recession that was thought a nailed-on certainty a year ago.
You can read the full report by Larry Elliott, the Guardians economics editor, here:
Holger Schmieding, chief economist at Berenberg, an investment bank, said:
The eurozone economy rode out a difficult winter without falling into stagnation or even recession. Despite sky-high energy prices for households and businesses caused by the Putin shock, real GDP expanded by a modest 0.1% quarter-on-quarter in the first quarter. The fading of gas shortage fears, the easing of supply chain pressures and more outdoor construction due to mostly mild weather contribute…
Read the full article at: https://www.theguardian.com/business/live/2023/apr/28/surprise-tech-earnings-amazon-stock-markets-ftse-100-eurozone-germany-gdp-natwest-business-live