Economics 19 eurozone countries showed growth in the fourth quarter of 2014 – plus 0.9% compared to the same period in 2013 and 0.3% compared to the third quarter. Most actively growing GDP in Hungary, Spain and Germany. This reduces the economy in Cyprus, Finland and Greece.
According to preliminary estimates by the European statistical agency Eurostat, the size of the economies of the euro zone in the fourth quarter of 2014 as a whole increased by 0.3% compared to the third quarter. In annual terms, GDP growth was 0.9%, higher than forecasts of experts – 0.8% (0.2% qoq).
Recall that in the third quarter last year, eurozone GDP grew by 0.8% compared to the same period in 2013 and by 0.2% qoq.
The greatest economic growth in the fourth quarter relative to the previous three months recorded in Hungary (0.9%), Spain (0.7%) and Germany (0.7% to 0.1%). This figure has not changed in Italy. The fall in GDP showed Greece (0.2%), Finland (0.3%) and Cyprus (0.7%). “For the first time in two years we can say that the region is close to sustainable growth,” – says economist Intesa Sanpaolo SpA in Milan, Anna Maria Grimaldi. Support the economy of the euro area, the expert said, have a weaker euro, falling oil prices and the policy of the European Central Bank.
In the next two years is expected to further economic growth in the eurozone. Thus, according to European Commission forecasts, growth in 2015 will be 1.3%, and in 2016 – 1,9%.
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