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Euro Zone Q4 GDP Confirmed Flat q/q, Up 0.1% y/y

BRUSSELS, Feb 14 (Reuters) - Euro zone economic growth was flat in the last three months of the 2023 against the previous quarter and up 0.1% against the same period of 2022, Eurostat said on Wednesday, confirming its earlier preliminary estimate.

After euro zone output contracted 0.1% quarter-on-quarter in the third quarter, the result for the last three months is a narrow escape from a technical recession, defined as two consecutive quarters of negative growth.

The biggest economy Germany still contracted 0.3% quarter on quarter, second biggest France was flat and third biggest Italy grew 0.2% while the output of fourth biggest Spain jumped 0.6%.

Reporting by Jan Strupczewski

Source: Reuters

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