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Eurozone economy grows modestly on strong exports

The Eurozone economy grew modestly in the first quarter of this year thanks to strong exports, the European Union (EU)'s statistics office Eurostat reported Wednesday.

The combined economy of the 16 EU nations that use the euro grew by 0.2 percent in the first three months, Eurostat said, confirming previous estimates.

In comparison with the same quarter of the previous year, the eurozone economy rose 0.6 percent, after shrinking 2.1 percent in the fourth quarter of last year.

For more: Eurozone economy grows modestly on strong exports

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