Eurozone economy stagnant in Q4 of 2023

BRUSSELS, Jan. 30 (Xinhua) -- Both the Eurozone's and the European Union's (EU) gross domestic product (GDP) remained stable during the fourth quarter of 2023 compared to the previous quarter, according to preliminary data released on Tuesday by Eurostat.

In 2023, for both the eurozone and the EU, compared to the previous quarter, the economy grew by 0.1 percent during the first quarter, by 0.1 percent again during the second quarter, and it declined by 0.1 percent during the third quarter, before stabilizing during the fourth quarter.