Economic activity throughout Europe slowed in the fourth and final quarter of 2022 but remained in positive territory, helping the continent to avoid a recession.
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Europes GDP Rose An Annualized 19 In Q4
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Economic activity throughout Europe slowed in the fourth and final quarter of 2022 but remained in positive territory, helping the continent to avoid a recession. Eurostat, the statistics agency of the European Union, reported that gross domestic product (GDP) in the 19 countries that use the Euro currency grew 0.1% in last year’s fourth quarter from the previous third quarter.GDP growth in Europe rose 1.9% on a year-over-year basis in Q4. The result was in line with a preliminary estimate issued on January 31 of this year, and it helped the European Union to avoid a recession that had been…