In the fourth quarter of 2024 the Gross Domestic Product (GDP) of the European Union grew just 0.1% compared to the third quarter (+0.4%); That is, the economy of the twenty -seven is completely stagnant. This follows from the preliminary figure published today by Eurostat -it is pending confirmation.
The data comes A few hours after the European Central Bank decides on a new reduction of interest rates, After three consecutive declines – last in December – that left the main type in 3%. The forecast of the majority of experts is that the body chaired by Christine Lagarde again applies a reduction in the 0.25%and the growth data published today only give more reasons to those who are about to relax monetary policy to give air to the economy.
After this end of the year, the growth data for all 2024 remains in the 0.7% for the Eurozone and 0.8% For the twenty -seven. The most worrying thing is that between October and December some of the main economies in Europe were among the most lagging: Ireland (-1.3%), Germany (-0.2%), France (-0.1%) E Italy and Austria (0% in both cases).
All eyes, of course, are put in the locomotive of Europe, Germany, whose government announced yesterday – in the mouth of its Minister of Economy – that in 2025 its economy will continue stagnant. As ABC already explained, Berlin’s forecast is that in 2025 they grow just 0.3%.
On the contrary, EU countries with higher quarterly growth rates were Portugal (1.5%), ahead of Lithuania (0.9%), and Spain (0.8%), which maintains the leadership if Take the average of the whole year. Yesterday the INE published the GDP growth progress data for closing 2024, which have remained at 3.2%, confirming that Our country grows four times faster than the Eurozone.
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