Eurozone growth slips as Russia-Ukraine war pushes up energy costs
by Richard Partington Economics correspondent from Economics | The Guardian on (#5YPG6)
France's economy stalls and Italy's shrinks but Germany rebounds from contraction
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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