Eco Insight

Structural or thematic topics

Eco Insight February 5, 2025

Eurozone

Eurozone: The increase in the credit impulse prevented a contraction in GDP in Q4 2024

02/05/2025 • By Laurent QUIGNON

The impulse of bank lending to the private sector continued to recover in the Eurozone in Q4 2024 (1.5 after between 1.1 and 1.2 since September 2024). It was back in positive territory since August (0.8), and in December 2024 it reached its highest level since November 2022 (2.7). The ECB bank lending survey in the Eurozone confirms the recovery in the demand for loans in Q4 2024. However, political uncertainties have resulted in a tightening of credit standards for lending to companies in France and Germany.

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