Eurozone economic growth remained stagnant in Q4 2023 compared to the preceding quarter with a slight increase of 0.1 percent compared to the same timeframe in 2022, as confirmed by Eurostat on Wednesday, according to Reuters.
This comes after a 0.1 percent decrease in output in the third quarter, meaning the Eurozone narrowly dodged a technical recession, which is defined as two successive quarters of negative growth.
Germany, the largest economy, saw a contraction of 0.3 percent quarter-on-quarter; France, the second largest, experienced no growth; Italy, the third largest, grew by 0.2 percent, and Spain, the fourth-largest economy, witnessed a significant 0.6 percent jump in output.
