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Rolling coverage of the latest economic and financial news, including the latest eurozone growth figures
- Latest: Eurozone growth weakens to 0.1%
- Table: How Germany compare with UK, US….
- Breaking: German GDP flatlined in October-December
- German economy only grew 0.6% in 2019
- ING: Germany at risk of recession
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.
* This article was originally published here
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