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Euro-Area Growth Revised Down Slightly Despite Germany

  • Region’s economy grew 0.5% compared with 0.6% inital estimate
  • Germany leads euro growth, Greece’s economy shrinks the most
Womens shoes and handbags sits on display inside a Hugo Boss AG clothing fashion store in Berlin, Germany, on Monday, Jan. 11, 2016. With unemployment at the lowest level since German reunification and wages rising, private consumption is driving growth in Europe's largest economy just as government spending tied to an influx of refugees adds extra stimulus.
Photographer: Krisztian Bocsi/Bloomberg
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The euro-area economy grew slightly less than initially estimated in the first quarter, though momentum was still the fastest in a year.

Led by a better-than-forecast performance by Germany, its largest economy, the euro region expanded 0.5 percent in the three months through March. That compares with an initial estimate of 0.6 percent. From a year ago, it grew 1.5 percent.