Eurozone Economy Registers Modest Growth, Revised
The Eurozone economy recorded a slight increase in the final quarter of 2024, according to revised estimates from Eurostat.
GDP Growth and Revisions
Gross Domestic Product (GDP) expanded by 0.1% in the three months ending December, a modest improvement from the initial estimate of zero growth. The revision incorporates additional data from Eurozone member states, including the Netherlands, which reported a 0.4% increase.
Mixed Performance in Major Economies
GDP performance varied among the Eurozone's largest economies:
* Spain: +0.8%
* Italy: Stagnant
* Germany: Contracted
* France: Contracted
ECB Outlook and Risks
The European Central Bank (ECB) anticipates ongoing economic headwinds in 2025 but maintains that conditions for recovery remain intact. It forecasts GDP growth to accelerate from 0.7% in 2024 to 1.1%.
However, geopolitical factors, including US tariffs on European goods and potential auto levies, pose risks to the economic outlook.
Employment Growth Slows
Employment growth decelerated in the final quarter, with a 0.1% increase compared to 0.2% in the previous period.