Year-on-year, the economy of the eurozone grew by 1%, while the whole European Union expanded 1.3%.
Europe slows down. The gross domestic product (GDP) of the countries of the eurozone grew by 0.1% in the fourth quarter of 2019, its lowest expansion since 2014, according to the latest data from Eurostat, released today.
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.0% in the euro area and by 1.2% in the European Union in the fourth quarter of 2019, after growing 1.3% and 1.6% respectively in the previous quarter.
During the fourth quarter of 2019, GDP in the United States increased by 0.5% compared with the previous quarter. Compared with the same quarter of the previous year, GDP grew by 2.3%.