Eurozone Economy Stagnates in Q4, Falling Short of Expected Growth

The Philippine economy expanded by 5.2 percent in the fourth quarter of 2024, falling short of the 5.4 percent forecast in a Reuters poll of economists. The Eurozone economy showed no growth in the fourth quarter of 2024, as reported by Eurostat. Germany's economy shrank by 0.2 percent in the fourth quarter, indicating a second straight year of decreased output. Expectations are that the European Central Bank will reduce its key interest rate, a move aimed at stimulating growth but possibly exacerbating inflation.