Eurozone Growth Beats Expectation in Q4 2014

February 13, 2015 Share Print 0

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

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.