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The German economy, Europe's largest, also shrank for all of 2024 by 0.2%, the second straight year of declining output. And the outlook for this year isn't much better.
Germany’s economy, the largest in Europe, contracted for the second year in a row in 2024, ... For more CNN news and newsletters create an account at CNN.com. Show comments.
Eurozone inflation is also expected to fall, despite unemployment dipping to its lowest level in 11 years. EU and eurozone GDP growth halves to 0.2% despite falling unemployment Skip to main content
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
It is the second largest economy in the world in nominal terms, after the United States, and the third largest at purchasing power parity (PPP), after China and the US. The European Union's GDP is estimated to be $19.40 trillion (nominal) in 2024 [7] or $28.04 trillion (PPP), representing around one-sixth of the global economy. [28]
The key macroeconomic data in the eurozone countries are: General government net debt / Percent of GDP; General government net lending/borrowing / Percent of GDP; inflation rate; gross domestic product (real GDP); unemployment.
The euro zone's second biggest economy France saw quarterly growth of 0.7% in the fourth quarter and a 5.4% year-on-year expansion while third biggest Italy grew 0.6% on the quarter and 6.4% on ...
The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...