Press Release: Flash estimate for the first quarter of 2014 Euro area GDP up by 0.2%, EU28 up by 0.3% +0.9% and +1.4% respectively compared with the first quarter of 2013

Eurostat published statistics (GDP figures) on the 16 May 2014 for the economic situation in the EU / Eurozone and individual Member States for the first quarter of 2014.

The Eurozone economy continues to grow, albeit only minimally. According to the preliminary Eurostat quarter-on-quarter GDP rose in Germany and Spain, for example, but dropped in countries like the Netherlands, Italy and Portugal after a short period of growth. The crisis was not yet over, commentators warned, and called for growth incentives to replace austerity.

Euro|Topics, 16.05.14: Eurozone growth remains feeble http://www.eurotopics.net/en/home/presseschau/archiv/archiv_dossier/DOSSIER143566-Eurozone-growth-remains-feeble

Deutsche Welle, 15.05.14: German economy gains momentum http://dw.de/p/1C0Q8

BBC News, 15.05.14: Eurozone economic growth loses momentum http://www.bbc.co.uk/news/business-27420617

The New York Times, 15.05.14: Full Recovery Still Years Away for Many in Euro Zone http://www.nytimes.com/2014/05/16/business/international/full-recovery-still-years-away-for-many-in-euro-zone.html

---