Friday. 02.12.2022
ECONOMY

Eurozone GDP growth eased in fourth quarter

On a yearly basis, economic growth accelerated to 4.6 per cent from 3.9 per cent in the preceding quarter

FILED - 04 July 2011, Baden-Wuerttemberg, Karlsruhe: Euro coins lie on a Euro flag. The rate of inflation in the 19 countries of the eurozone recuperated slightly to 0.4 per cent in July, according to a first estimate from EU statistical office Eurostat. Photo:Uli Deck/dpa.
Euro coins lie on a Euro flag. Photo:Uli Deck/dpa.

The euro area economy grew at a slower pace in the fourth quarter, a preliminary flash estimate from Eurostat showed on Monday.

Gross domestic product grew 0.3 per cent sequentially, slower than the 2.3 per cent expansion seen in the third quarter. The rate came in line with economists' expectations.

On a yearly basis, economic growth accelerated to 4.6 per cent from 3.9 per cent in the preceding quarter. But this was slightly weaker than the expected rate of 4.7 per cent.

The EU27's GDP grew 0.4 per cent quarter on quarter, taking the annual growth to 4.8 per cent in the fourth quarter.

According to the first estimate for 2021, GDP expanded 5.2 per cent in both the euro area and the EU.

Eurozone GDP growth eased in fourth quarter
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