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International Business Times
International Business Times
Business

France, Germany Stall Eurozone Growth In Fourth Quarter

European Union eurozone Germany France Economy ECB the European Commission
Europe's economy is stagnating compared to faster growing rivals the United States and China (Credit: AFP)

Eurozone growth slowed to a halt in the fourth quarter last year, dragged by contractions in major powers Germany and France which were held back by economic headwinds and political instability.

Official data Thursday showed growth stalling in the single-currency area -- disappointing predictions by analysts at Bloomberg and FactSet who forecast a 0.1-percent expansion.

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