In the last quarter, the eurozone economy recorded a growth rate of 0%, which contrasts with the 0.1% contraction observed in the previous three months.
The eurozone economy narrowly avoided a technical recession at the end of 2023 thanks to a final quarter of 0% growth, which contrasts with the 0.1% contraction observed in the previous three months, according to preliminary data from Eurostat.
The estimate therefore points to growth of 0.5% in 2023 as a whole, but the community statistics office has warned that the calculation is based on “incomplete” sources and is subject to possible revisions.
In concrete terms, the expansion of the Spanish economy (0.6%) and Italy (0.2%), as well as the stagnation of the French economy (0%), compensated for the decline in activity in Germany in the fourth quarter of 2023, allowing the economic crisis ended. with a decline of 0.3% in the last quarter.
Source: EITB
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