At long last, Europe’s economy is starting to grow

Yet Europe’s economic outlook is undoubtedly improving. Data published on May 15th showed that the euro zone grew by 0.3% in the first quarter of this year against the previous quarter. Although a modest rise, this was the first significant growth in six consecutive quarters and enough for the currency bloc to emerge from a recession. The same day the European Commission upgraded its forecasts of EU growth for 2024. “We believe we have turned a corner,” cheered Paolo Gentiloni, the economy commissioner.