Statistics show that in the first 3 months of the year the Eurozone's economic growth was at a stronger than expected 0.6%. The 19-nation bloc's growth double from 0.3% in the previous quarter, and was above analysts projections of 0.4%. However, separate data from Eurostat also indicated that deflation had returned to the eurozone.
Inflation in the bloc fell to minus 0.2% in April, down from zero in March. The latest growth figures suggest that the eurozone's economy is now bigger than it was before the start of the financial crisis eight years ago. The eurozone has recently benefited from a fall in oil prices and the euro, particularly in Germany.