A Brief Check-up on EU Q1 GDP

The EU managed to find a brief respite in the recent doom and gloom, recording growth of 0.2% in the first quarter of 2010, against consensus estimates of 0.1%, and previous 0%. The standouts on a quarterly basis were, on the upside; Portugal 1.0%, Hungary 0.9%, Slovakia 0.8%, and on the downside; Lithuania -4.1%, Estonia -2.3%, and Greece -0.8%.