Europe’s economy showed zero growth at end of 2024

Europe’s economy stagnated at the end of 2024, with the eurozone’s GDP showing no growth in the fourth quarter, after a 0.4% increase in the third.

Germany, Europe’s largest economy, contracted by 0.2% in the final quarter and for the entire year, marking a second consecutive year of shrinking output.

The slowdown was driven by concerns over potential trade disruptions under President Trump’s administration, inflation, and political instability in Germany and France.

Both countries face economic uncertainty, with Germany’s government forecasting minimal growth for 2025.

The European Central Bank is expected to lower interest rates to stimulate growth, though inflation remains a concern, The Hill has reported.

read more: https://thehill.com/homenews/ap/ap-international/ap-europes-economy-showed-zero-growth-at-end-of-2024-as-eurozones-biggest-economy-germany-struggled/

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