Eurozone final GDP eases to 1.1% y/y in Q4, misses estimates

The final reading of the Eurozone fourth quarter GDP confirmed the sluggishness in the economy, the latest report published by Eurostat showed on Friday.

The Eurozone economy expanded by 0.2% on quarter in the three months to December of 2018, matching the previous readout and the expectations, the third estimate showed.

On an annualized basis, the bloc’s GDP figure arrived at 1.1%, down from the previous 1.2% reading while missing expectations of 1.2%.