Euro Area Records Steady Growth in Final Quarter
This result came after a similar 0.3% quarter-over-quarter increase recorded in the preceding quarter, signaling consistent economic momentum.
Throughout the broader European Union, gross domestic product (GDP) likewise climbed 0.3% over the same timeframe, reflecting parallel progress across the bloc.
Looking at individual member countries, Lithuania registered the most robust quarterly performance, with GDP surging 1.7%. It was trailed by the Greek Cypriot Administration, which achieved 1.4% growth, and Poland, where output rose by 1%.
Conversely, Romania experienced the sharpest downturn between October and December, as its economy declined by 1.9%. Ireland followed with a 0.6% decrease during the period.
On a year-over-year basis, the euro area’s GDP grew by 1.3%, while the broader EU posted a stronger 1.5% annual expansion, Eurostat reported.
The eurozone comprises 21 member nations that have adopted the euro as their official currency.
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