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Eurostat confirms euro zone fourth quarter economic growth of 0.3%

Euro zone economy grew by 0.3% in the last three months of 2015
Euro zone economy grew by 0.3% in the last three months of 2015

Investment in equipment and buildings was the key driver of growth in the euro zone in the final three months of 2015, helping to offset a second consecutive negative contribution from trade. 

Eurostat confirmed today its earlier estimate that the economy of the euro zone grew by 0.3% in the three months from October to December. 

Eurostat also revised up its year-on-year growth figure to 1.6% from 1.5%.

In the previous three months, the euro zone economy also grew by 0.3% month-on-month and by 1.6% from a year earlier. 

For the year as a whole, GDP rose by 1.6%, compared with 0.9% expansion in 2014.

All countries in the EU saw some level of growth last year, with the exception of Greece, which contracted by 0.8%.