AI Data Insight
The Eurozone's nominal GDP year-over-year growth rate dropped to 0.8% in the first quarter of 2026, a significant slowdown compared to 1.3% in the previous quarter, with overall output momentum also falling short of market consensus. Affected by energy supply chain disruptions triggered by the situation in the Middle East, the economies of countries such as France and Italy are sluggish. The risk of stagflation is rising again, which may subject the European Central Bank (ECB) to more severe policy tests.