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EU GDP STABLE WHILE JOBS GROW

February 14, 2024
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EU GDP stable while jobs see grow. In the final quarter of 2023, the gross domestic product (GDP) showed no change in the eurozone.

At the same time, there was a slight 0.1% uptick in the European Union (EU), as revealed by preliminary figures from Eurostat, the EU’s statistical department.

This modest growth in GDP for both the euro area and the EU follows a slight contraction of 0.1% experienced by both regions in the third quarter of 2023.

Job numbers were on the rise in both the euro area and the EU, with employment rates increasing by 0.3%. This demonstrates an upward trend in job creation alongside stable economic growth.

These preliminary estimates offer an early look at the economic health of the euro area and EU.