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  • growth in Germany and Spain, as well as a smaller than expected contraction in Frantz pointed to resilience in the eurozone economy in the final three months of last year.

  • Germany's robust exports helped Europe's largest economy eke out 0.1% growth.

  • Data showed on Friday that it staved off contraction despite a second wave of the new strain of the virus, slamming the brakes on consumption.

  • France, the eurozone second largest economy, shrank 1.3% in the final three months of last year while Spain achieved a timid quarterly growth of not 0.4%.

  • But that's not stopped the country from recording its worst ever annual economic contraction, with output falling 11%.

  • One economist said Numbers for Germany, France and Spain showed that GDP was relatively resilient in Q four, but added that there are not many indications that this dynamic could have continued into Q one.

  • Virus cases remain high across the region and France is on tenterhooks to find out in the coming days whether the government will put the country under a new lock down.

  • Germany's leaders agreed last week to extend its restrictions until mid February.

  • The government slashed its growth forecast to 3% this year.

  • The International Monetary Fund said this week that the euro area is likely to slip behind the United States in its recovery.

growth in Germany and Spain, as well as a smaller than expected contraction in Frantz pointed to resilience in the eurozone economy in the final three months of last year.

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