The Eurozone economy grew 0.2 percent on quarter in the three months to September 2018, unrevised from a second estimate and following a 0.4 percent expansion in the previous period. It was the weakest growth rate since the second quarter of 2014 mainly due to a negative contribution from external demand. Among the bloc's largest economies, Germany and Italy posted contractions, while France's growth picked up and Spain's expansion remained solid. GDP Growth Rate in the Euro Area averaged 0.39 percent from 1995 until 2018, reaching an all time high of 1.30 percent in the second quarter of 1997 and a record low of -3 percent in the first quarter of 2009.
GDP Growth Rate in Euro Area is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Euro Area to stand at 0.50 in 12 months time. In the long-term, the Euro Area GDP Growth Rate is projected to trend around 0.70 percent in 2020, according to our econometric models.