The economic situation in the eurozone is better than expected, but the potential rise momentum has明显减弱.

Golden Ten Data on April 30, the data showed that the euro area economy grew faster than expected in the first quarter, and the start of 2025 showed a moderate and positive trend. Eurostat said that Eurozone GDP in the first quarter was 0.4% q/q, boosted by the rapid growth of Spain’s economy, beating expectations of 0.2%. However, the underlying growth trend weakened markedly as the data was distorted by Ireland’s 3.2% growth, mainly due to the activities of large foreign companies in Ireland for tax reasons. Europe’s largest economy, Germany, grew GDP by just 0.2 percent, France by 0.1 percent and Italy by 0.3 percent, suggesting that the eurozone, with the exception of Ireland, is growing close to the 0.2 percent expected by economists. The ECB has already said that, in addition to the trade war, the turmoil in financial markets triggered by US policy and the general deterioration in market sentiment will dampen economic growth. While the ECB has been cutting rates rapidly in an effort to save the eurozone from repercussions and possibly another in June, the ECB is relatively powerless in the face of an economic downturn of this magnitude.