Narrow Escapes And Turning Points

Europe's largest economy might've contracted in the fourth quarter, but that didn't stop the euro-area from defying expectations. Growth managed to eke out a gain during 2022's final three months, according to data released on Tuesday. It counted as a small miracle in the context of dire forecasts heard late last summer, when energy and power prices were spiraling higher. Economists expected a minor contraction for Q4. The 0.1% expansion helped cushion the psychological blow from Germany's sur