Fourth-quarter GDP growth in the euro area is at a six-year low

Downward from its previous estimate, the euro area’s fourth-quarter annual GDP growth rate has been revised down in a report released Friday by Eurostat, the EU’s statistical office. According to the available data, the Hungarian economy grew at the highest annual rate in the fourth quarter.

According to Eurostat’s second estimate, gross domestic product (GDP) in the euro area grew by 0.9 percent in the fourth quarter of last year, compared to the fourth quarter of 2018, and by 1.2 percent in the EU-27. (MTI)