EU: The Eurozone will avoid Recession this Winter

The Eurozone economy will avoid recession this winter after growing by 0.1% in the fourth quarter of 2022, according to official data from the European Union's Statistics Agency.

The figure was lower than the 0.3% growth recorded in the third quarter of 2022, but better than economists' forecasts for a contraction.

The European Union's statistics agency also said the single currency area's economy grew by 3.5% in 2022.