Ireland was only country among EU’s 27 member states to see a decline in GDP
Kevin Warsh is Donald Trump’s pick as the new Federal Reserve chair. Photo: Bloomberg
The economies of both the European Union and the smaller euro area each expanded through every quarter of 2025, clocking up modest but steady growth.
Higher levels of consumption and investments within big economies, including crucially Germany, helped offset the impact on exports from factors including Donald Trump’s US tariffs and the weakness of the US dollar.
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