Economic growth in 20 eurozone countries slowed in the fourth quarter of 2022 to 1.9% in annual terms, the European Statistical Office (Eurostat) said on Tuesday, citing its first preliminary estimation
MOSCOW (Pakistan Point News / Sputnik - 31st January, 2023) Economic growth in 20 eurozone countries slowed in the fourth quarter of 2022 to 1.9% in annual terms, the European Statistical Office (Eurostat) said on Tuesday, citing its first preliminary estimation.
"Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.9% in the euro area and by 1.8% in the EU in the fourth quarter of 2022, after +2.3% in the euro area and +2.5% in the EU in the previous quarter," Eurostat said in a statement.
The GDP of the eurozone and the European Union grew by 5.3% each in 2021. In 2020, the GDP of the EU fell by 5.9% and the eurozone by 6.4%.
