Friday, February 13, 2015

Eurozone Growth Beats Expectation in Q4 2014

The eurozone economy grew by a stronger-than-expected 0.3% in the last three months of 2014, figures show.

European statistics agency Eurostat also said gross domestic product (GDP) in the currency bloc rose by 0.9% across 2014 as a whole.

Figures released earlier showed Germany’s economy – the largest in the eurozone – grew by 0.7% in the three months to the end of December.

But France’s economy grew by just 0.1% in the same period.

Of the 18 member states of the eurozone only three recorded a contraction in their economy: Greece, Finland and Cyprus.

In the case of Greece the 0.2% contraction in the economy in the fourth quarter came after three consecutive quarters of growth. That disappointed analysts, who had been expecting the figures to show the economy growing again.

via BBC

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