Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears
Publishing timestamp: 2023-01-31 06:05:23
Summary
Eurozone beat expectations by posting positive growth in the fourth quarter of 2022, reducing fears of potential regional recession. Energy prices cooled off in the latter part of 2022, bringing some relief to the euro zone's broader economic performance. Germany and Italy reported negative growth, but the ECB is expected to agree to a 50 basis point increase in interest rates on Thursday. Some economists argue that the euro zone is still poised to enter recession later this year.
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Keywords: italy, russia, ukraine, germany, business news, economic events, politics, europe news, european central bank, berlin, economy, euro, breaking news: europe, stoxx 600,
Source: https://www.cnbc.com/2023/01/31/euro-zone-gdp-q4-2023-.html