Eurozone Economy Slowed to Just 0.1% in Q4

Economic growth for 2019 was revised down in the Eurozone today

Written by: Skerdian Meta • Friday, February 14, 2020 • 1 min read

• Last updated: Friday, February 14, 2020

The Eurozone GDP report was released a while ago this morning, from Eurostat. This is the second estimate for Q4 of 2019 and shows that growth has slowed considerably in Q4. Economic growth for 2019 was also revised lower to 0.9% from 1.0% previously.

Latest GDP Data Released by Eurostat – 14 February 2020

Eurozone Q4 GDP second reading +0.1% vs +0.1% q/q prelim
GDP +0.9% vs +1.0% y/y prelim

Eurozone Trade Report

Eurozone December trade balance €22.2 billion vs €19.3 billion expected
Prior €19.2 billion; revised to €19.1 billion
Non-seasonally adjusted trade balance €23.1 billion
Prior €20.7 billion

Forexlive Image View

Eurozone Employment Change Report

Eurozone December flash employment change QoQ 0.3%
November employment change 0.1%

Employment has improved a bit, increasing by 0.3% in December. But, considering the impact of coronavirus, employment might suffer in the coming months, although the biggest impact will be felt on the broader economic growth. This was the wrong time for coronavirus to strike.

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Skerdian Meta

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Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.