The French and German economies exhibited contrasting performances in the fourth quarter of 2023, with France's GDP stagnating at 0% growth according to INSEE, narrowly avoiding a technical recession, while Germany's economy contracted by 0.3%, signaling a possible recession on the horizon. France's overall growth for 2023 stood at 0.9%, with a year-on-year increase of 0.7% in Q4, slightly higher than the previous 0.6%. In contrast, Germany, which had experienced a slight increase of 0.1% in Q1, faced a downturn in subsequent quarters, culminating in a Q4 contraction. The Eurozone as a whole managed to skirt a technical recession thanks to modest growth in countries like Italy, which saw a 0.2% rise in GDP, and stronger performances from Spain and Portugal, as reported by Eurostat. These mixed results come amid forecasts by the IMF that predict global headline inflation to remain unchanged at 5.8% in 2024, with a lowered growth forecast for Germany at 0.5% for the year, down from an earlier prediction of 0.9%, and a 2025 inflation forecast of 4.4%.
Europe's economy failed to expand at the end of 2023, dragging out the stagnation for more than a year amid higher energy prices, costlier credit and a downturn in former powerhouse Germany. https://t.co/c2nR7jyi4u
Eurozone narrowly avoids recession Last year, the eurozone economy stagnated. It lagged behind the rest of the world as the region's former leader, Germany, faces an industrial crisis with no end in sight, Reuters writes, citing a new IMF report. According to him, the 20… https://t.co/S4DVZux2rK
WATCH: Data showed that euro zone was weighed down by industrial weakness in its largest economy, Germany, as it barely avoided a recession in the final quarter of last year even as the global economy expanded https://t.co/yMIkUC45qM https://t.co/V9ZRwcCYHR
post-pandemic europe economic recovery way behind the united states eurozone narrowly escapes technical recession (2 consecutive quarters of decline) eurozone third quarter last year: 0.1% decline fourth quarter: 0.0% https://t.co/uarH3oPKaw
EU Miraculously Avoids Recession In Q4 As Spain's Gain Offset Germany's Drain https://t.co/IPygn3P1zQ
WATCH: The euro zone's economy stagnated in 2023, underperforming the rest of the world as former powerhouse Germany struggled with an industrial malaise that has no end in sight, data showed https://t.co/yMIkUC45qM https://t.co/tKGlPjG4Sw
The euro zone economy narrowly avoided a technical recession in the last three months of 2023 despite shrinking output in Germany, mainly thanks to strong growth in Spain and Portugal and a modest increase in Italy, data showed https://t.co/RKZGdRSIaS https://t.co/0WNf83rwA7
German economy faces recession risk with 0.3% GDP contraction in Q4 2023 https://t.co/RTgkE6yzkM https://t.co/YZGqb5xC5F
🔴 IMF FORECASTS GLOBAL HEADLINE INFLATION TO BE UNCHANGED AT 5.8% IN 2024, LOWERS 2025 FORECAST TO 4.4% VS 4.6%.
The Eurozone economy stagnated in Q4. Headline: Eurozone 'escapes' technical #recession Reality: Average #GDP growth over the last five quarters, 0.0%!! https://t.co/Lhwk24KAIJ
🔴 IMF REVISES DOWN GERMAN GDP GROWTH FORECAST TO 0.5% IN 2024 VS 0.9% IN OCTOBER, SEES 2025 GROWTH OF 1.6% VS 2.0% IN OCTOBER.
🇪🇺 Eurozone skirts a recession with flat #GDP reading in Q4 2023 as modest growth in Spain and Italy offsets German recession and France stagnation https://t.co/1Z1Ktrr3sD https://t.co/NkwIIKO5PV
Euro zone economy stagnates as Germany struggles - Reuters https://t.co/GtqcDwYaf3
Eurozone unexpectedly escapes recession but Germany sees economy shrink https://t.co/rXJt4PKanP #recession #Germany
Euro zone economy stagnates as Germany struggles https://t.co/TfSB5ORIna https://t.co/7IDk2cmjBd
NEW: German economy shrank at end of 2023: data https://t.co/UPF83SGGC5
Euro zone economy narrowly skirts recession, stagnates in fourth quarter Euro zone economy narrowly skirts recession, stagnates in fourth quarter $QQQ $SPY $IWM https://t.co/hePQ5IBoqb
Euro zone economy narrowly skirts recession, stagnates in fourth quarter https://t.co/Q61bgaBtuZ
⚠️ JUST IN: *ITALY 4Q GDP RISES 0.2% Q/Q; EST. 0.0%; PREV. 0.1% 🇮🇹🇮🇹 https://t.co/8kG4fS5dj4
⚠️ JUST IN: *GERMANY 4Q GDP FALLS -0.3% Q/Q; EST. -0.3%; PREV. -0.1% *GERMANY ENTERS RECESSION 🇩🇪🇩🇪 https://t.co/xbnBzFQ3X7
JUST IN: The euro zone unexpectedly avoids a recession as firmer growth in Italy and Spain offset weakness in Germany https://t.co/MpGQD9HW1l
Eurostat says eurozone economy was flat in the fourth quarter https://t.co/Y05v0EBmuG
⚠️ EURO ZONE NARROWLY AVOIDS TECHNICAL RECESSION IN Q4 (Reuters) The euro zone economy narrowly avoided a technical recession in the last three months of 2023 despite shrinking output in Germany, mainly thanks to strong growth in Spain and Portugal and a modest increase in…
Struggling euro zone unexpectedly dodged a recession https://t.co/P1tSCodfmY via @WindSonja https://t.co/mLEpBDp3ZV
🔴 EUROZONE GDP Q4 2023 FULL REPORT https://t.co/YxOlJdccBQ
#BREAKING Eurozone dodges recession, stagnates in fourth quarter: official data https://t.co/RBU9PvmLKT
German economy contracted in Q4, recession on cards in Q1 https://t.co/lQGSyoTNg1 https://t.co/i0nQmcUkyP
🇫🇷 French GDP stagnated in the fourth quarter of 2023, following an upwardly revised flat third quarter. The country therefore narrowly avoids a technical recession, but the details are weak, suggesting little improvement in the first quarter. https://t.co/QuUo8GkM5K
German economy contracted by 0.3% in the fourth quarter https://t.co/I6Si7teHyX
⚠️ GERMAN ECONOMY CONTRACTED BY 0.3% IN Q4 - STATS OFFICE (Reuters) The German economy shrank in the fourth quarter, with gross domestic product down 0.3% on the previous three-month period in adjusted terms, preliminary data from the statistics office showed on Tuesday. The… https://t.co/ESTAUmCLlG
Good Morning from #Germany, which has a massive growth problem & is facing distribution conflicts. In Q4, Germany's econ shrank by 0.3% after stagnation in Q2 and Q3 & a slight increase of +0.1% in Q1. This is remarkable insofar as population increased by 0.4% in 2023: in per… https://t.co/jj9ANHgjBh
JUST IN: Germany's GDP shrank by 0.3% between October and December, matching an early reading released two weeks ago Latest updates: https://t.co/SSLbBb60xo
🔴 GERMAN GDP Q4 2023 FULL REPORT https://t.co/RjByCGn6Q2
🔴 ⚠️ BREAKING: GERMAN GDP QOQ FLASH ACTUAL -0.3% (FORECAST -0.3%, PREVIOUS -0.1%) $MACRO
🔴 ITALIAN GDP PRELIM QOQ ACTUAL 0.2% (FORECAST 0%, PREVIOUS 0.1%) $MACRO
French economy fails to grow in fourth quarter - INSEE https://t.co/WsTlV6agxo https://t.co/mPsYcn0Ft7
Flat French economic growth leaves eurozone stuck in fourth-quarter rut https://t.co/tkG7sHOzSH
#NewsAlert | French economy grew 0.9% in 2023: official data | reported by news agency AFP
French economy stagnates in last quarter of 2023, grows 0.9% overall https://t.co/DSQugJMoZr
🔴 FRENCH GDP Q4 2023 FULL REPORT https://t.co/mjXf4p1YWJ
🇫🇷 France French GDP (YoY) (Q4) $EUR Actual: 0.7% Previous: 0.6%
🔴 FRENCH GDP QOQ PRELIM ACTUAL 0% (FORECAST 0%, PREVIOUS -0.1%) $MACRO