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Euro zone economy closes 2024 on a pessimistic note amid trade uncertainties

share-iconWednesday, January 08 comment-icon3 weeks ago 7 views
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reutersREUTERS
Euro zone economy closes 2024 on a pessimistic note amid trade uncertainties

Credited from: REUTERS

  • The **euro zone economy** ended 2024 weakly, with several indicators showing setbacks.
  • The **European Commission's sentiment indicator** dropped to **93.7** in December, below expectations.
  • Germany experienced a **5.4% decline** in industrial orders, while retail sales fell **0.6%** unexpectedly.
  • High energy costs and **waning demand** have contributed to a prolonged **recession** in Germany's industrial sector.
  • Economists forecast limited consumer spending growth due to ongoing **inflation** and **labour market** softness.

For more details, visit the original article: Euro zone economy ended 2024 on downbeat note amid trade fears.

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A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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