U.S. GDP was reported on April 28: "Q1 2022 Advance Estimate: DECREASE of 1.4%"
From BNN Bloomberg, April 29:
France Unexpectedly Stagnates as War Takes Toll: GDP Update
France’s economy unexpectedly stagnated at the start of the year, sounding an early warning of the damage to Europe from soaring energy costs and worsening supply snarls following Russia’s invasion of Ukraine.
Output was unchanged in the first three months, after expanding faster than previously reported in the fourth quarter, as consumer spending declined and investment slowed. Economists had expected growth of 0.3%.
The data are the first in a slew of numbers due Friday that are expected to show euro-area expansion plateaued at 0.3%.
Europe’s near-term outlook is exceptionally uncertain. Another round of sanctions -- including a possible ban on Russian oil imports -- risks hammering industry, while record inflation and plummeting confidence are jeopardizing consumer demand.
A further deterioration would complicate the European Central Bank’s efforts to withdraw stimulus and raise interest rates as the pandemic’s effects fade. President Christine Lagarde has said hikes are a strong likelihood later this year, but by how much “remains to be seen.”...
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In another version of the story Bloomberg sounded genuinely surprised:
"The war in Ukraine has checked what’s been Europe’s standout economic recovery from the pandemic, with output was unchanged in the first three months, after expanding faster than previously reported in the fourth quarter. Economists had predicted growth of 0.3%".
