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The Eurozone Economy Shows Signs of Modest Growth



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Why It Matters: The eurozone economy has regained its footing — for now.Just a few months ago, governments across Europe were braced for the possibility of an outright downturn, as Europe pivoted away from Russian natural gas and energy and food bills skyrocketed. But countries swiftly stockpiled energy reserves, and a mild winter, together with mass conservation efforts, helped Europe avoid the worst.The data show that the eurozone economy is regaining its footing — though only slowly. Investment and foreign trade expanded in big economies like France and Germany in the first three months of the year. But both countries are still not recovering as fast as needed to be growth engines for the region.And inflation, at an annual rate of 6.9 percent, is still a major problem. European governments have had to step in to support businesses and consumers with subsidies to help th …

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