Indicators
Euro-Zone Speeds Out of Recession But Inflation Proves Sticky
- Region’s top economies all beat estimates for first quarter
- Inflation unchanged at 2.4% in April — matching expectations
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The euro zone exited recession as its four top economies drove much speedier growth than expected, though the recent retreat in inflation stalled.
First-quarter gross domestic product increased by 0.3% from the previous three months — the strongest pace in 1 1/2 years. A separate release showed consumer prices rose an annual 2.4% in April, matching March’s pace and in line with analyst estimates.