The European Union’s Modest Growth

The bloc's smallest economies performed the best.

892
Open as PDF

EU Economic Update | Q1-2024
(click to enlarge)

The EU economy saw a much-needed upswing in the first quarter of 2024, growing 0.3 percent compared to the last quarter of 2023. Though the expansion might seem marginal, it’s a definite improvement from the 0.1 percent contraction experienced in each of the previous two quarters.

Smaller economies such as Malta, Croatia and Cyprus experienced the highest growth, while the three largest economies (Germany, France and Italy) saw more limited bumps. In Germany, the economy expanded by just 0.2 percent, after shrinking by 0.5 percent in the last quarter of last year.

Geopolitical Futures
Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.