The Eurozone economy experienced moderate growth in the first quarter of the year, according to Eurostat's latest report. Gross Domestic Product (GDP) rose by 0.3 percent compared to the previous quarter, in line with expectations and confirming the initial estimate released on April 30.

Despite robust government spending, the real economy in the Eurozone is facing challenges, evident in the struggles of industries and the construction sector. This indicates a recessionary trend in the actual economic performance of the private sector which (only!!) provides goods and services we need as consumers and is able to allocate scarce ressources to invest where it is demanded.

On an annual basis, first-quarter GDP growth stood at 0.4 percent, consistent with earlier projections. Economists had anticipated this confirmation.

However, economic performance varied across Eurozone countries. Cyprus saw the strongest growth with a 1.2 percent increase, followed by Ireland at 1.1 percent. Conversely, Estonia experienced the sharpest decline at -0.4 percent. Germany and France both reported a 0.2 percent growth, while Italy saw a 0.3 percent increase.