Eurozone Q4 GDP comes in flat, avoids technical recession

(Sharecast News) - The eurozone and European Union managed to avoid a technical recession after official figures showed the economy flatlined in the last three months of 2023.

The reading of zero GDP growth compares with a 0.1% contraction in the third quarter, EU statistics agency Eurostat said on Tuesday.

A technical recession is measured by two negative quarters in a row.

Reporting by Frank Prenesti for Sharecast.com