Eurozone economy grew by 0.3% in Q4

Eurozone GDP increased by 0.3% from October to December 2021 similar to the previous quarter, when growth was at the level of 2.3%, according to the European agency Eurostat. These inputs are in line with the experts’ expectations. Compared to the identical period in 2020, the euro area economy rose by 4.6%. Experts’ prognosis assumed an annual economic revival of 4.7% after a growth of 3.9% three months earlier. The Eurostat report also notes that the EU economy in the Q4 increased by 0.4% compared to the Q3. At the same time, in annual terms, its growth amounted to 4.8%. The quarterly growth of the economy was the most significant in Spain, amounting to 2%. The decline in GDP was noted in three countries. Austria recorded the largest quarterly fall of 2.2%. The German economy dropped by 0.7% in three months. The fall in Latvia was 0.1%. At the same time, economic growth compared to October-December of the former year was shown by all European countries.

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Arseny Kudrin

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