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Eurostat released its GDP growth figures for the Eurozone on Wednesday. Eurozone's preliminary gross domestic product (GDP) increased by 0.4% in the first quarter, missing expectations for a 0.5% rise, after a 0.3% gain in the fourth quarter.
On a yearly basis, Eurozone's preliminary GDP rose by 1.0% in the first quarter, missing expectations for a 1.1% increase, after a 0.9% gain in the fourth quarter.
Eurostat released no details of the component breakdown of GDP.
The U.S. economy grew 0.1% in the first quarter, after 0.5% in fourth quarter. On a yearly basis, the U.S. economy expanded at 2.4% in first quarter, after a 3.0% increase in the fourth quarter.
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