Ekonomické zprávy

The eurozone economy grew in line with forecasts in the 4th quarter

Data published by Eurostat showed that in the fourth quarter, the gross domestic product of the eurozone grew by 0.1%, as expected, after an increase by 0.3% in the third quarter. In annual terms, economic growth slowed to 1.9% from 2.3% in the previous quarter. Consensus estimates also assumed an increase of 1.9% per annum. Meanwhile, the GDP of the European Union countries did not change in quarterly terms and grew by 1.8% per annum. In the third quarter, GDP grew by 0.3% and 2.5%, respectively.

According to a first estimation of annual growth for 2022, based on seasonally and calendar adjusted quarterly data, GDP increased by 3.5% in the euro area and by 3.6% in the EU.

Separate data also showed that in the fourth quarter, the number of employed in the eurozone increased by 0.4%, accelerating compared to the third quarter (+0.3%) and exceeding economists' forecasts (+0.2%). In the EU, the number of employed also increased by 0.4% after an increase by 0.2% in the third quarter. On an annualized basis, employment in the eurozone grew by 1.5% compared with an increase by 1.8% in the previous quarter. Meanwhile, in the EU, employment growth slowed to 1.3% from 1.5%.

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