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Eurozone economic growth beats estimates in Q4

by ChemOrbis Editorial Team -
  • 13/02/2015 (16:24)
According to a preliminary data from the statistical office of the European Union (Eurostat), the eurozone economy grew by a larger than expected amount of 0.3% in the final quarter of 2014. Economists’ initial estimates called for a gain of 0.2%.

The unexpected increase in eurozone economic growth was attributed to a strong pickup in the German economy, the largest in Europe. Germany’s GDP climbed 0.7% on a quarterly basis in the fourth quarter compared with a gain of 0.1% in the previous quarter owing to stronger domestic spending and exports. For the full year of 2014, the German economy expanded 1.6%.

Among the region’s other economies, France’s economy slowed to post an increase of 0.1% due to lower investments. In 2014, the French economy grew 0.4%, unchanged from 2013, while Italy’s economy declined by 0.4%.
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