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Eurozone Q4 GDP up 0.5%, as expected

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Staff Writer | January 31, 2017
Europe
Economy in Europe   In the EU-28 group of nations, GDP rose by 0.6

The eurozone's gross domestic product rose by 0.5% in the fourth quarter compared to the three months to September and 1.8% from the same quarter in 2015, according to a flash estimate by Eurostat.

The figures were in line with economists' expectations. In the third quarter of 2016, GDP had grown by 0.4% on the quarter and 1.8% on the year.

In the EU-28 group of nations, GDP rose by 0.6% on the quarter and 1.9% on the year. GDP had grown 0.5% and 1.9%, respectively, in the third quarter.

Over the year as a whole, GDP grew by 1.7% in the euro area, down from a five-year high of 1.9% in 2015 but ahead of US growth of 1.6%. In the EU-28, GDP was up by 1.9% for the year.


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