Eurozone Demonstrates Overall GDP Growth

The еurozone area has shown a 0.3% GDP growth over the last quarter of 2014 as compared to the previous one, while the EU28 countries altogether performed even better with 0.4% increase according to a Eurostat report published on Friday.

Compared to results from the same period of 2013, the seasonally adjusted GDP of the eurozone rose by 0.9%, and by 1.3% in all EU28 countries.

Bulgaria ranked in the middle segment of the chart with 0.3% GDP rise, scoring better than France, Austria, and the Czech Republic who demonstrated a modest 0.1% increase.

Italy, on the other hand, was the only country with 0.0% growth.

The best overall performers in Europe in the period October - December 2014 were Hungary, Germany and Spain, showing a GDP growth of 0.7%. Estionia, however tops them all with the staggering 1.1% rise.

Greece, Cyprus and Finland showed a negative GDP tendency over the last three months of 2014.

US economy also demonstrated its recovery with 0.7% GDP increase from the previous quarter. If compared to the results from the same period of 2013, GDP growth would be 2.5%.

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