Eurozone growth slows sharply to 1.8pc in 2018

1 February, 2019 12:00 AM printer

BRUSSELS: Growth in the eurozone slowed sharply to 1.8 percent in 2018, data showed Thursday, as a recovery ran out of steam on worries over the US-China trade war and Brexit.

The economy expanded by a comparatively booming 2.4 percent in 2017, reports AFP.

The dampened outlook is a huge disappointment to policy-makers as growth in the eurozone had until recently been regarded as one of the strongest engines of the global economy.

This came as economic growth in the eurozone hit a weak 0.2 percent in the October to December period, the same as the previous quarter, the Eurostat agency said.

Feeding into fears is that the slowdown is in part coming from Germany, the pillar of the European economy.