Economics

Euro Area Scrapes By Second Winter of Pandemic With Mild Growth

  • GDP increased 0.3% in fourth quarter; est. 0.4% gain
  • Italy among those reporting faster than expected expansion

Shoppers walk along the Gran Via in Madrid.

Photographer: Paul Hanna/Bloomberg
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The euro-area economy grew modestly in the fourth quarter amid another wave of surging coronavirus infections and curbs on activity.