Economic activity continued to expand at a satisfactory pace in 2024:Q1 (2.1% y-o-y), outperforming the euro area average. Easing energy prices drove down inflation in late 2022 and in the course of 2023, to 3.1% in 2024:5M.
In the housing market, residential prices continued to increase at an accelerating pace in 2022 and in 2023. Labour market developments remained positive, with employment rising, though at a decelerating rate.
In the housing market, residential prices continued to increase at an accelerating pace in 2022 and in 2023. Labour market developments remained positive, with employment rising, though at a decelerating rate.
