Financial TimesFinancial Times

Eurozone regains pre-crisis GDP level despite winter slowdown

By Martin Arnold

31 Jan 2022 · 2 min read

The eurozone economy grew 0.3 per cent in the final three months of last year, returning the bloc to its pre-pandemic level of output despite a sharp slowdown from the previous quarter as coronavirus infections hit record levels.

Fourth-quarter growth in the 19-country bloc was in line with the expectations of economists polled by Reuters, as it decelerated from 2.2 per cent growth in the previous three-month period. Household spending continued to grow in many countries, albeit at a slower pace, while output was also boosted by businesses restocking inventories.

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