The eurozone economy grew in the final quarter of 2022 despite economists’ predictions of a downturn, boosting hopes that the region will avoid a recession.
Milder weather and government support cushioned the impact of soaring energy prices, helping the region’s economy expand by 0.1 per cent between the third and fourth quarter, according to official data published by Eurostat on Tuesday.
The expansion was better than the 0.1 per cent drop forecast by economists polled by Reuters. The same survey had also predicted another quarter of contraction during the first three months of 2023.
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