The European economy sank to a record


www.vsyako.netPhoto: Yves Herman / Reuters

The pace of Eurozone GDP growth in the fourth quarter of 2019 was the weakest in 2013, writes Bloomberg.

The combined GDP of the Eurozone which consists of 19 countries at the end of last year rose 0.1 percent, which was the lowest figure for the last six years. In the third quarter, growth of 0.3 percent.

Record the reason for the sagging economy has been the decline in the two largest European economies, France and Italy. At the same time, Germany is experiencing problems during 2019 and has reached a technical recession (GDP declined for two consecutive quarters) in the fourth quarter showed modest growth, official data are expected later.

The interviewed economists and research suggests the temporary nature of the problem. According to them, and that for 2020 is likely to improve due to the decline of tensions between the US and China, as well as reaching agreement on the UK exit from the EU.

Video, photo All from Russia.


Please enter your comment!
Please enter your name here