The euro area economy is performing poorly

In the fourth quarter of last year and in 2019 as a whole, gross domestic product growth in the euro area has been the smallest since 2013 – according to Eurostat’s third and final estimate released Tuesday. However, the number of employed has risen to its highest level in the fourth quarter of last year.

In the fourth quarter of 2019, seasonally adjusted GDP grew by 0.1 percent in the 19 Member States of the euro area, compared with the previous quarter, and quarterly growth was 0.2 percent in the 27 EU Member States. In the third quarter, euro area GDP grew by 0.3 percent and by 0.4 percent in the EU on a quarterly basis.