Free Trial

MNI BRIEF: Eurozone Economy Slows In Q4, Records No Growth

Slowing economy to underpin expectations of January ECB cut.

MNI (LONDON) - The euro area saw no growth in the fourth quarter of 2024, according to a preliminary release from Eurostat which will confirm European Central Bank policymakers' concerns ahead of a probable rate cut later on Thursday.

In the year to December, the economy expanded by 0.9% q/q, unchanged on the level seen in Q3. Spain and Lithuania led the growth table, at 3.5% y/y and 3.6% y/y, respectively, whilst at the other end of the spectrum, Germany contracted 0.2% and the volatile Irish reading contracted 1.3%.

Keep reading...Show less
132 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (LONDON) - The euro area saw no growth in the fourth quarter of 2024, according to a preliminary release from Eurostat which will confirm European Central Bank policymakers' concerns ahead of a probable rate cut later on Thursday.

In the year to December, the economy expanded by 0.9% q/q, unchanged on the level seen in Q3. Spain and Lithuania led the growth table, at 3.5% y/y and 3.6% y/y, respectively, whilst at the other end of the spectrum, Germany contracted 0.2% and the volatile Irish reading contracted 1.3%.

Keep reading...Show less