Eurozone GDP growth confirmed at 0.1% in Q4 - Breaking The News
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Eurozone GDP growth confirmed at 0.1% in Q4

Economy
Christian Baha / MS

1 min read

EPA-EFE/ANNA SZILAGYI

The seasonally adjusted gross domestic product (GDP) in the euro area rose by 0.1% in the fourth quarter of 2022 compared to the previous trimester, according to an estimate released by Eurostat on Tuesday. In the entire European Union (EU27), the economy stagnated on a quarterly basis. The Irish economy led the entire bloc by expanding by 3.5%, while Poland's quarterly GDP contracted by 2.4%, the worst figure among all EU member states.

The GDP increased by 1.9% in the Eurozone and by 1.8% in the EU27 in the fourth quarter compared to the same time span a year ago. Full-year 2022 growth stood at 3.5% for the euro area and at 3.6% for the entire bloc.

Quarter on quarter, employment was 0.4% higher in both the euro area and the whole EU for the fourth three-month period. The figure was 1.5% up in the Eurozone and 1.3% higher in the EU27 in the fourth quarter on a yearly basis.

datagdp
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