The eurozone economy grew by a stronger-than-expected 0.3% in the last three months of 2014, figures show.
European statistics agency Eurostat also said gross domestic product (GDP) in the currency bloc rose by 0.9% across 2014 as a whole.
Figures released earlier showed Germany’s economy – the largest in the eurozone – grew by 0.7% in the three months to the end of December.
But France’s economy grew by just 0.1% in the same period.
Of the 18 member states of the eurozone only three recorded a contraction in their economy: Greece, Finland and Cyprus.
In the case of Greece the 0.2% contraction in the economy in the fourth quarter came after three consecutive quarters of growth. That disappointed analysts, who had been expecting the figures to show the economy growing again.
via BBC
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Alfonso Esparza