German economy stagnates as eurozone growth hits seven-year low – business live

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Rolling coverage of the latest economic and financial news, including the latest eurozone growth figures

The eurozone will probably struggle to grow in the current quarter, reckons Greg Daco of Oxford Economics.

He predicts that the mere 0.1% growth reported in October-December will be repeated in January-March, with coronavirus restrictions hurting the economy.

Flat German #GDP in Q4 constrained Eurozone to meager 0.1% advance.

> 2019: worst yr since 2013 for EZ

« We expect the same pace of growth in Q1 as #coronavirus disruptions derail the nascent industrial recovery » via @OxfordEconomics @atalaveraEcon @OliverRakau @jeffsparshott pic.twitter.com/C3Z3BQJRAO

If you’re just tuning in, here’s the AFP newswire’s take on today’s German growth figures:

Europe’s largest economy Germany marked time in the fourth quarter of 2019 as its export-oriented industry’s woes continued to weigh on growth, official data showed Friday.

Gross domestic product (GDP) was flat quarter-on-quarter in October-December, federal statistics authority Destatis said, disappointing the agency’s own expectations and those of analysts surveyed by Factset.

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* This article was originally published here
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