Central Banks
Euro Zone Fails to Grow as Political Chaos Shakes Top Economies
- Analysts had expected bloc to post 4Q GDP growth of 0.1%
- Output dropped in both Germany and France, Italy stagnated
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The euro zone unexpectedly stagnated at the end of last year as government collapses in its top two economies bruised confidence among businesses and consumers.
Fourth-quarter gross domestic product was unchanged from the previous three months, Eurostat said, defying analyst estimates that the 20-nation bloc eked out growth of 0.1%. Output fell 0.2% in Germany and 0.1% in France.