Eurozone GDP grows by 1.8 per cent, lowest rate since 2014

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THE eurozone’s combined gross domestic product (GDP) grew by 1.8 per cent in 2018, the lowest level since 2014 according to EU data.

Figures from the EU’s Eurostat statistics office showed eurozone output grew by 0.2 per cent in the final three months of last year compared to the previous quarter. GDP grew by 2.4 per cent in 2017.

There was a growth of 1.2 per cent year-on-year from the fourth quarter of 2017 to that of 2018, data showed.

Employment grew by 0.3 per cent in the fourth quarter of last year and by 1.4 per cent during the whole of 2018.

The European Commission (EC) has forecast a 1.3 per cent growth for this year, followed by 1.6 per cent in 2020.

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Joe Gerrard

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