The Eurozone economy eased its pace of expansion at 0.1% on quarter in the three months to December of 2019, missing +0.2% expected, the first estimate showed on Friday.
On an annualized basis, the bloc’s economic growth came in at 1.0% from 1.2% seen in the previous readout while missing +1.1% expectations.
About Eurozone Preliminary GDP
The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
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