ECB rate cuts needed 'sooner rather than later' as GDP flatlines

Q4 eurozone growth at 0%

Cristian Angeloni
clock • 2 min read

Economic growth in the eurozone stagnated in the last quarter of 2023, following a 0.1% contraction in third quarter, according to data from Eurostat today (30 January).

The figure beat expectations, as forecasts expected negative growth at the same level of Q3, meaning the area has managed to avoid a technical recession for the second half of 2023, noted Clemente De Lucia, senior European economist at Deutsche Bank Research. However, he highlighted weak domestic demand over the quarter alongside easing support from fiscal measures and rising uncertainty, which indicate "GDP growth could remain subdued in the first quarter of 2024". Yet Michael Field, European market strategist at Morningstar, said it is not all "doom and gloom" in the eurozone, as in...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Tariffs drive record fall in UK exports to US

Tariffs drive record fall in UK exports to US

Imports fall by £400m

Linus Uhlig
clock 12 June 2025 • 2 min read
Partner Insight: What are the implications of policies of the Trump Administration on EMD?

Partner Insight: What are the implications of policies of the Trump Administration on EMD?

Matthew Murphy, Institutional Portfolio Manager of the Emerging Markets Team at Morgan Stanley Investment Management (MSIM), shared his view on the implications of the policies introduced by the Trump Administration for emerging market debt (EMD). Murphy then explained the firm’s approach to the EMD segment.

Matthew Murphy, Institutional Portfolio Manager of the Emerging Markets Team at Morgan Stanley Investment Management (MSIM)
clock 12 June 2025 • 7 min read
US-China trade talks progress pending framework approval from Trump and Xi

US-China trade talks progress pending framework approval from Trump and Xi

Following London meetings

Linus Uhlig
clock 11 June 2025 • 1 min read
Trustpilot