So Much For ‘Green Shoots’: Europe Posts Worst Quarter For Growth In Almost Seven Years

So Much For ‘Green Shoots’: Europe Posts Worst Quarter For Growth In Almost Seven Years

The "green shoots" narrative took a hit on Friday. GDP data out of Europe showed the euro-area economy barely expanding in Q4, as growth decelerated to a minuscule 0.1% pace QoQ, less than the 0.2% the market was looking for. This marks the worst quarter in nearly seven years. Worse, France and Italy unexpectedly contracted. The French economy shrank 0.1%, versus an expected 0.2% expansion, while the Italian economy contracted 0.3%. In France, Finance Minister Bruno Le Maire suggested there
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