One of the employees puts an element in the window in a delicious show in Piazza Campo Di Fiori in Rome, Italy, on Tuesday, December 6, 2016.
Bloomberg Bloomberg Gety pictures
The eurozone economy has seen zero growth in the fourth quarter, Flash numbers published by the European Union Statistics Agency showed Eurostat on Thursday.
Reuters economists expected 0.1 % growth during this period, after 0.4 % greater expansion in the third quarter.
Data comes at the mass level after publications, the worst growth of the largest economists in the eurozone, Germany and France. Earlier on Thursday, official data showed that the gross domestic product in Germany decreased by 0.2 % in the fourth quarter, while France’s economy also decreased slightly during the same period. Italy’s economy is also a quarter of a quarter of, Data showed earlier Thursday.
In a blatant contradiction, Spain’s GDP grew 0.8 % in the fourth quarter, the country’s statistics office INE He said Wednesday. The economic growth of the neighboring Portugal in the same quarter has accelerated to 1.5 % with the National Statistics Agency The expansion is attributed to “acceleration in private consumption”.
the euro It decreased by 0.15 % against the dollar after the data, which can stimulate the European Central Bank when it comes to setting the next interest price step later on Thursday.
The Central Bank sought to enhance economic activity and investment in the euro area by implementing four discounts in the benefits last year. The European Central Bank is expected to trim another 25 points when it meets later on Thursday to bring the main rate, deposit facility, to 2.75 %.
Economists expect the central bank to make further cuts in interest rates this year, as fears of stalled growth of Trump about stubborn inflation in the mass.
In December, Central Bank expectations The eurozone economy will grow by 1.1 % in 2025, saying that it is expected to “weaken the gross domestic product in the eurozone” in the short term, amid great uncertainty. “
The Central Bank said in December: “The indicators based on activity -related survey, such as the Purchase Manager Index (PMI), and business confidence indicators and consumer from the European Commission, are still defeated.”
The European Central Bank expected the economy to grow by 0.2 % in the fourth quarter of 2024 as one -time factors that support growth last summer, such as the Paris Olympics, Talasht, and “wrong confidence, high uncertainty and geopolitical tensions.” The Central Bank expects that GDP growth will be 0.3 % in the first quarter of 2025.
The bank’s central policy makers will be familiar with inflationary pressure in the region, as the consumer price index in the euro area is heading up in recent months, up to 2.4 % in December.
The basic inflation, which expels the prices of flying food and energy, has not changed at 2.7 % for the fourth month in a row. The central bank expects the mass inflation rate to reach 2.1 % this year.
