Eurozone growth hits 0.4% in 4th quarter of 2016

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AFP, Brussels :
Growth in eurozone remained resilient in the fourth quarter of 2016, but slightly less than an earlier estimate, data showed on Tuesday.
The EU’s Eurostat statistics agency said growth in the eurozone landed at 0.4 percent in the fourth quarter of 2016, revising down the 0.5 percent estimated on January 31.
The figures show that recovery in Europe remains on pace despite the significant unknowns of Brexit and the policies of the new Trump administration in the US.
The data still meant that the eurozone economy grew by 1.7 percent in 2016, exceeding the United States which gained 1.6 percent last year.
The 28-member EU as a whole grew by 1.8 percent, Eurostat said.

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