Eurozone Bip-Wachstum

The Eurozone economy grew by 0.1% in the final quarter of 2024, slightly better than the initially reported flat reading but still marking the weakest performance of the year, the second estimate from the Eurostat which includes data for more countries showed. The bloc's two largest economies contracted, with Germany's GDP shrinking by 0.2% and France's by 0.1%, while Italy stagnated for a second consecutive quarter. In contrast, Spain (0.8%) and Portugal (1.5%) posted solid growth, alongside positive performances in Netherlands (0.4%), Belgium (0.2%), Slovenia (0.6%), Slovakia (0.5%), and Estonia (0.1%). On the downside, Ireland's GDP fell by 1.3%, Austria's economy remained flat, and slower growth was recorded in Finland (0.1%), Cyprus (0.3%) and Lithuania (0.9%). Year-on-year, the Euro Area GDP grew 0.9%, the same as in Q3, in line with the first estimate. Considering full year, the economy expanded 0.7%, above 0.4% in 2023.