Eurozone GDP Grows 0.1% QoQ in Q4 Last Year... Performs Better Than Expected
[Asia Economy Reporter Son Sunhee] The preliminary estimate of the Eurozone (20 countries using the euro) Gross Domestic Product (GDP) for the fourth quarter of last year was announced as 0.1% compared to the previous quarter. It increased by 1.9% compared to the same period last year.
On the 31st (local time), Eurostat, the statistical office of the European Union (EU), released the preliminary GDP estimate for the Eurozone for the fourth quarter. This defied market expectations of a recession with Eurozone GDP contracting (-0.1% compared to the previous quarter).
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
However, the growth rate was lower than the third quarter GDP growth rate (0.3%).
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
