|2023/02/03 / Erste Group Research|
GDP growth surprises positively in 4Q 2022 in the Eurozone and the US
Eurozone GDP managed to deliver a positive surprise, with slight growth of +0.1% q/q in 4Q22. Growth dynamics at the country level were mixed. After strong growth in 3Q, Germany's economy contracted slightly, by 0.2% q/q in 4Q. In contrast, France and Spain recorded slight growth.
In the US, too, the first estimate of GDP in the fourth quarter of 2022 was recently published. The growth rate turned out better than the market had expected. Even though this is only a first estimate, which will certainly be revised, the US economy has held up relatively well.
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|Author||Erste Group Research|
|Product name||Week ahead|
|Topic in focus||Macro/ Fixed income|
|Economy in focus||Eurozone, United States|
|Currency in focus||Euro, US Dollar|
|Sector in focus||-|
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