GDP in the eurozone increased 0.1% in the fourth quarter compared with the previous one. France, with 0.6% growth, accounted for nearly all of the expansion. Other big countries provided a flat performance or in decline. Consumers in Europe are being tight with their spending, according to The Economist, and the euro's strength is hindering exports. "For a region that now relies so heavily on spending from without, a weaker currency is sorely needed," The Economist notes.

Related Summaries