The Spanish economy leads growth in the Eurozone in 2023

The Spanish economy leads growth in the Eurozone in 2023
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Spain was confirmed at the end of last year as the major eurozone economy that recorded the most growth either in the last quarter of the year or in the entire last financial year, after the statistics offices of Germany, France and Italy. This Tuesday, they published their first data on the development of their economies in the final period of 2023.

In this way, Spain's GDP accelerated its expansion between October and December to 0.6% from 0.4% in the third quarter, while Italy, the third largest economy Gran The euro expanded by 0.2%, compared to 0.1% in the previous three months.

On its part, the other two economies big The Euro showed further weakness ImportantFrance saw a recession in the fourth quarter, maintaining the paralysis of activity seen in the previous three months, while Germany recorded a 0.3% contraction between October and December, following a slump in the third quarter.

On average for 2023 as a whole, while Spain's GDP grew by 2.5%, the French economy expanded by 0.9% and the Italian economy by 0.1%. In the case of Germany, the GDP of the economy is more Gran Europe recorded a contraction of 0.3%. Outside Europe, on the other side of the Atlantic, US GDP expanded by 0.8% in the fourth quarter of the year, four-tenths of the 1.2% growth in the third quarter.

In 2023 as a whole, the global economy will see more Gran It recorded growth of 2.5%, six-tenths higher than the 1.9% expansion in 2022, despite monetary policy tightening by the Federal Reserve (Nourish it).

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In China's case, GDP would have expanded by 5.2% in 2023 as a whole, accelerating significantly from 3% growth in 2022, when it became the world's second-largest economy. Gran It has slowed due to measures taken to contain the Corona virus.

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