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February 1, 2024

GDP stable in Europe. In the fourth quarter of 2023, Eurostat, the statistical office of the European Union, released a preliminary flash estimate.

The indicator showed that the seasonally adjusted GDP in both the euro area and the EU remained stable compared to the previous quarter.

This stability marked a change from the third quarter of 2023 when GDP had declined by 0.1% in both regions.

The flash estimate also revealed that, in comparison to the fourth quarter of 2022, GDP in the euro area increased by 0.1%, while in the EU, it showed a growth of 0.2%.

Furthermore, the first estimation of annual growth for the entire year of 2023, based on seasonally and calendar-adjusted quarterly data, indicated a 0.5% increase in GDP for both the euro area and the EU.

It is important to note that these preliminary GDP flash estimates rely on incomplete data sources and are subject to further revisions.