Euro Zone GDP Falls Short of Estimates With 0.1% Growth

The transcript discusses the release of European GDP data for Q1, which showed a growth of 0.1%, slightly below the expected 0.2%. Despite lower growth, the feared economic downturn due to high energy prices was avoided. The data will influence upcoming discussions at the European Central Bank regarding interest rate hikes.

What was the GDP growth rate for the first quarter as mentioned in the text?

How did the actual GDP growth compare to the estimates?

What was the narrative regarding the European economy going into winter?

What was the worst-case scenario that was avoided according to the text?

What upcoming event is mentioned that will discuss the economic situation?