LUXEMBOURG – The economy of the eurozone grew by 0.2 percent in the fourth quarter of 2018 compared to the previous quarter. This was reported by the European statistical office Eurostat on the basis of definitive figures.
The figure corresponds to previous estimates. Compared to a year earlier, the economy of the euro area grew by 1.1 percent. For the entire European Union, Eurostat reported growth of 0.3 percent on a quarterly basis. On an annual basis, the EU economy grew by 1.4 percent.
Throughout 2018, economic progress was 1.8 percent in the eurozone and 1.9 percent in the EU. A year earlier, 2.4 percent growth was recorded in both the euro zone and the EU.