This Friday, February 13, national statistical offices in the various countries of the euro zone published their growth figures for 2014. Here are the details to remember the main results:
The growth was slightly better than expected in 2014, with a fourth quarter slightly above expectations and supported by the German economy, said the European statistics office Eurostat.
D October to December, the gross domestic product (GDP) in the euro area rose by 0.3%, after rising 0.2% the previous quarter, Eurostat said. This brings growth to 0.9% for all of 2014 in the region as the European Commission was still expecting early February a growth of 0.8%.
- Germany: + 1.6% in 2014
Economic growth in Germany was slightly better in 2014 than originally announced, standing not 1.5% but 1.6% last quarter thanks to a stronger than expected, said the Federal Statistics Office Destatis.
In mid-January, Destatis had given that a rough estimate of the increase in gross domestic product (GDP) in the last quarter of 2014, to “a quarter point.” She finally revealed to be 0.7% compared to the third quarter, primarily driven by domestic consumption, according to a news release.
Spain announced in 2014 have recorded a GDP growth of 1 , 4%, confirming its recovery from a recession of 1.2% in 2013, but the country still faces mass unemployment.
In the fourth quarter, growth was 0.7% compared in the previous quarter, said the National Statistics Institute (INE) in a first estimate.
The Portuguese GDP grew by 0.9% in 2014, following a decline of 1.4% 2013, according to the National Statistics Institute (INE). Portugal has an annual growth rate for the first time since 2010, according to Ine reflection of a “recovery in domestic demand.”
The growth of the Portuguese economy in 2014 is still slightly below forecasts the Portuguese government and the European Commission, which had forecast a GDP growth of 1%. In addition, other indicators of the Portuguese economy (unemployment, trade balance and consumer prices) show a still fragile upturn.
The Dutch GDP grew 0.5% in the fourth quarter of 2014 compared to the third, thanks to growth in household consumption, announced the Central Statistics Office (CBS) in a first estimate.
Over the whole of 2014, growth was 0.8% compared to 2013, the first after two years of contraction in GDP, said the CBS in a statement.
The GDP grew by 1.7% in the fourth quarter of 2014 over a year, allowing the country to record its third consecutive quarter of growth in a year and confirming the end of six years of deep recession, said the Greek statistics authority ELSTAT.
The 2014 budget of Greece expected a growth of 0.6% for the whole of 2014. According to a calculation of AFP, Greece performance is better than expected, with GDP up 0.8% in 2014, adjusted for seasonal variations, and 0.9% in non-adjusted data.
In 2015, the state budget expects an even more dynamic growth of 2.9%.
The French gross domestic product grew 0.4% in 2014, according to INSEE, in line with government forecasts but investment growth key remains down.
The French gross domestic product rose 0.1% in the fourth quarter of 2014, 0.3% in the third, -0.1 and 0 in the second to the first, said the National Institute of Statistics and Economic Studies in a first estimate.
The GDP of the Italy was flat in Q4 2014 compared to the previous and fell 0.4% throughout the year, according to preliminary estimates published by the Institute of Statistics Istat.
The quarterly change of the indicator is in line with expectations of economists, who believe that the economic recovery is expected to be realized from early 2015 to the Italy After three years of recession, through the combined positive effects of the decline of the euro and oil prices and monetary policy of the ECB.
(with AFP)
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