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Eurozone Q4 economic growth confirmed at 0.3%

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/03/2016 (16:00)
According to data from the statistical office of the European Union (Eurostat), the eurozone economy grew 0.3% on a seasonally adjusted basis in the last quarter, in line with initial estimations.

Economic growth in the last quarter of 2015 was driven by higher investment spending, which rose 1.3% on a quarterly basis while downside risks stemming from weak exports to emerging economies still remain in place.

Some economists expect the European Central Bank to announce new stimulus measures in order to raise the annual rate of inflation to their target of just under 2%.
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