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MNI BRIEF: EZ Q4 GDP Slows, Slightly Below Forecasts

(MNI) London

Eurozone GDP growth slowed to 0.3% in the fourth quarter of 2021, slightly below analysts’ forecasts of 0.4%, according to data released by Eurostat on Monday. That’s below the 2.3% pace recorded in the previous three months, slowing as Covid infections picked up in the latter part of the year.

Annual growth of 4.6% matched economists’ predictions, against an unrevised 3.9% pace in the third quarter. That’s well below the 1.7% growth posted by the U.S. in data released last week.

The Spanish economy expanded by 2.0%, outpacing the EU nations that have reported Q4 data. The regional powerhouse, Germany, suffered a 0.7% contraction in the closing months of the year, according to data released last week, while Austrian output slumped by a quarterly rate of 2.2%.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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