17:20 - 6.06.2026

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June 6, Fineko/abc.az. The Statistical Office of the European Union (Eurostat) has released its official seasonally adjusted Gross Domestic Product (GDP) metrics for the Euro Area and the broader EU for the first quarter of 2026.

ABC.AZ reports that during the January–March period, economic output shrank quarter-on-quarter by 0.2% in the Eurozone and by 0.1% across the EU.

Quarterly Shift and Economic Outlook:

• Growth Reversal: This downturn follows a modest economic expansion in the final quarter of 2025, when GDP grew by 0.2% in both blocks. The contraction in early 2026 highlights a renewed loss of economic momentum across Europe.

• Underlying Drags: Market analysts attribute the technical decline to the cumulative impact of restrictive monetary policies (high interest rates), stagnant domestic consumer demand, and persistent global supply chain pressures weighing down manufacturing output.