Eurozone escapes recession as France, Spain, Germany and Italy beat growth forecasts – business live

Fastest growth in 18 months as GDP expands by better-than-expected 0.3% in Q1 2024, after two quarters of contraction

Full story: Eurozone exits recession as ‘big four’ economies beat forecasts

Hungary has returned to growth, in an encouraging sign for Eastern Europe’s economy.

Hungary’s gross domestic product grew by 0.8% in the first quarter of this year, new data shows, having previously stagnated with 0% growth in the last quarter of 2023.

The plan we are announcing today will result in the reduction of around 1,500 roles out of a total UK workforce of 37,000.

While these plans are still subject to consultation, we will seek to find alternative opportunities wherever possible through the roles created by this plan and our existing recruitment process that makes c.15,000 hires each year.

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