According to preliminary estimates, the eurozone economy unexpectedly posted zero growth in the last quarter of 2023, after contracting by 0 in the third quarter..1%, the market consensus is expected to be the euro zone GDP fell by 0 in the fourth quarter of last year..1%。

The region managed to avoid recession as Spain and Italy reported stronger-than-expected quarterly GDP growth of 0.6% and 0.2%。In addition, Portugal (0.8% quarterly growth), Belgium (0.4%), Latvia (0.4%) and Austria (0.2%) and other countries also contributed positively to the region's growth.。In contrast, Ireland (-0.7%), Germany (-0.3%) and Lithuania (-0.3%) reported a contraction in GDP。

Meanwhile, the French economy stagnated in the fourth quarter of 2023.。

Throughout 2023, the Eurozone economy grew by 0.5%。However, the outlook for 2024 remains challenging against the backdrop of high interest rates and inflation, as well as weak domestic and foreign demand.。

Euro slips 0 against dollar on day.05%, EUR / USD currency pair quoted at 1.0825。This major foreign exchange pair in yesterday's 1.0796 hovers above seven-week low。In this situation, the market remains cautious about the trend of the euro zone economy.。