The Eurozone has been in a Technical Recession for a while, but have escaped it after the "big four" beat forecasts. Cut interest rates, along with decreasing inflation and an increase in real wage sparked more economic activity as compared to 2023. The big four of Germany, France, Italy and Spain grew by 0.2%, 0.2%, 0.3% and 0.7% respectively. Inflation in the Eurozone has been 2.4% for the past two months. A rebound in construction helped to boost the end to this small recession in the Eurozone. Lastly, the mortgages for the month of march by the Bank for England increased by 800 which reached its highest since September 2022.
What role did the "big four" economies (Germany, France, Italy, and Spain) play in the Eurozone's exit from recession?
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