Research Detail
| 2023/05/09 / Ceska Sporitelna Research |
EU News Monthly May 2023 In the first quarter of 2023, seasonally adjusted GDP increased by 0.3% in the EU, compared with the previous quarter. In the fourth quarter of 2022, GDP had decreased by 0.1% in the EU. Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.3% in the EU in the first quarter of 2023. The year-on-year growth rates were positive for all countries except for Germany (-0.1%). Finland has put into operation the largest nuclear reactor in Europe, Olkiluoto 3 (1.6 GW). Its construction started in Finland in 2005 and was originally scheduled for completion in 2009. OL3 became operational a day after Germany shut down its last three remaining nuclear reactors. In the second half of 2022, average household electricity prices in the EU continued to show a sharp increase compared with the same period in 2021, from €23.5 per 100 kWh to €28.4 per 100 kWh. Average gas prices also increased compared with the same period in 2021 from €7.8 per 100 kWh to €11.4 per 100 kWh in the second half of 2022. These prices are the highest on Eurostat’s record. |
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General information
| Author | Ceska Sporitelna Research |
| Date | 2023/05/09 |
| Language |  |
| Product name | EU News Monthly |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | Czech Republic |
| Currency in focus | Czech Koruna |
| Sector in focus | - |
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