Euro Zone’s Economy Failed to Grow at End of Last Year
- GDP was unchanged in fourth quarter; initial est. +0.1%
- The downgrade follows revisions to German, Irish output
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The euro-area economy failed to expand at the end of 2022 as worse-than-expected performances in Germany and Ireland helped pull down initial growth readings.
Gross domestic product was unchanged from the previous quarter during the final three months of last year — worse than the preliminary estimate for a 0.1% advance — data released Wednesday by Eurostat showed.