The euro area economy came to a standstill at the end of 2023 as initially estimated, but with nil growth the single currency bloc managed to escape a technical recession.
Gross domestic product posted nil growth in the fourth quarter after shrinking 0.1 percent in the preceding period, the flash estimate from Eurostat showed Wednesday.
At the same time, GDP gained 0.1 percent after stagnating in the third quarter. Both quarterly and annual figures matched the flash estimate published on January 30.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.