Euro area managed to grow at the end of the year, as initially estimated, raising hopes that the region could avert a technical recession, official data revealed Tuesday.
The currency bloc logged a quarterly expansion of 0.1 percent in the fourth quarter, which was unchanged from the previous estimate released on January 31, the statistical office Eurostat said.
The pace of growth slowed from 0.9 percent in the second quarter and 0.3 percent in the third quarter. The breakdown of GDP is currently unavailable. Eurostat publishes GDP estimate and main aggregates on March 8.
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