The European Commission in Brussels. Photo: AFP

Euro zone GDP grew by 0.5% in the first quarter of 2017, led by Latvia which expanded 1.5%, followed by Lithuania (+1.4%), and Portugal (1%), reports the Financial Times. Germany’s growth accelerated, up 0.6%, while Italy disappointed with a 0.2% increase.

Greece’s economy contracted by 0.1% for the quarter, marking the first time the country has fallen into recession in four years.