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Eurozone economy fared a touch better than first estimated in Q4, data shows

Summary by Business Times
THE eurozone economy grew a touch faster than initially thought in the last quarter of 2024 but employment barely grew, offering further evidence that the economy of the 20 countries sharing the euro is broadly stagnant.
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In its initial estimate, Eurostat had indicated that the eurozone economy had zero growth in that period. By the third quarter of 2024, Eurostat measured GDP growth of 0.3 percent.You may be interestedEconomyInflation in the euro area rose again in January to 2.5%EconomyGermany and France cost euro area GDP in the fourth quarter of 2024The agency indicated this Friday that for the countries of the common currency growth in 2024 remained at 0.

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Bankinter Market Consensus ECB Economic Bulletin: Key messages: The deinflation process is well anchored. Underlying price indicators point to inflation stabilising at levels close to the 2% target in a sustained manner. Wages are moderated and business profits partially absorb price rises. Financial conditions remain restrictive. Increasing real incomes and interest rates will drive a recovery in domestic demand. Risks remain skewed upwards. […

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According to seasonally adjusted data, the gross domestic product (GDP) of the euro area increased by 0.1 percent on a quarterly basis in the last quarter of last year, while in the EU it grew by 0.2 percent, the European Statistical Office said in a second estimate. The number of employees increased by 0.1 percent on a quarterly basis in both the EU and the euro area.

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Compared to the same quarter of the previous year, GDP increased by 0.9% in the euro area. While, throughout the EU, the economy grew by 0.2% in the fourth quarter and 0.9% in 2024. Compared to the fourth quarter of 2023, GDP advanced by 1.1%. By countries, the highest economic growth in the fourth quarter compared to the previous quarter was Portugal (1.5%), Poland (1.3%) and Lithuania (0.9%). On the contrary, Ireland (-1.3%), Germany (-0.2%) a…

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The European statistical service also indicates that the GDP of euro area countries grew by 0.9% and that of all 27 Member States by 1.1%, in the fourth quarter of 2024, compared to the same period in 2023. In the quarterly comparison, the eurozone economy grew by 0.1% between October and December 2024 and 0.2%, while in the EU it advanced 0.2%. [News updated] Also read: NATO asks countries to spend "2% of GDP on Defense” (Portugal included)

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Moneycab broke the news in on Friday, February 14, 2025.
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