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ECB - Kirstin Houser
Experts anticipated a rise in this metric by 0.1%, according to the Financial Times. Overall, the report from the EU statistical service indicates that the eurozone economy expanded by 0.7% in 2024. These estimates rely on partial data and could be updated, it noted.
In relation to the same quarter of 2023, the eurozone's seasonally adjusted GDP increased by 0.9%. Of the Member States for which data are accessible for the fourth quarter of 2024, Portugal (+1.5%) exhibited the most significant quarter-on-quarter increase. Next came Lithuania (+0.9%) and Spain (+0.8%). Drops were noted in Ireland (-1.3%), Germany (-0.2%), and France (-0.1%). Nine countries experienced positive year-on-year growth rates, while three saw negative rates.
The eurozone economy's stagnation in the fourth quarter has heightened pressure on the European Central Bank (ECB), compelling it to reduce interest rates more assertively, notes the FT.
source: ft.com
In relation to the same quarter of 2023, the eurozone's seasonally adjusted GDP increased by 0.9%. Of the Member States for which data are accessible for the fourth quarter of 2024, Portugal (+1.5%) exhibited the most significant quarter-on-quarter increase. Next came Lithuania (+0.9%) and Spain (+0.8%). Drops were noted in Ireland (-1.3%), Germany (-0.2%), and France (-0.1%). Nine countries experienced positive year-on-year growth rates, while three saw negative rates.
The eurozone economy's stagnation in the fourth quarter has heightened pressure on the European Central Bank (ECB), compelling it to reduce interest rates more assertively, notes the FT.
source: ft.com
