Belgium, Germany GDP Grow While Germany, Turkey Outlooks Remain Cautious

In the first quarter of 2025, Belgium's economy expanded by 0.4% quarter-on-quarter, supported by growth in construction and services, while consumer price inflation eased to a 16-month low of 2.01%. France's GDP also grew, albeit modestly, by 0.1% quarter-on-quarter and 0.6% year-on-year. Germany's economic outlook showed mixed signals: initial data indicated a 0.4% GDP growth in Q1 2025, driven by manufacturing and exports, but the German Chamber of Commerce warned of a possible slight contraction for the year, with business sentiment remaining pessimistic. Turkey's economy is estimated to have grown 2.3% in Q1 2025 and is forecasted to grow 3% for the year, though this is below government expectations due to monetary tightening and political uncertainties. Overall, the European economies show modest growth with inflation easing in Belgium, while Germany faces uncertainty despite recent quarterly gains, and Turkey's growth slows amid policy adjustments and external pressures.