Eurozone GDP inched up by 0.1% in the fourth quarter

The euro area grew a seasonally adjusted 0.1% in the fourth quarter, according to a preliminary estimate by Eurostat released Friday. Year-over-year, the economy grew by 1%. That was slower than the 0.2% quarterly growth expected by economists, according to a FactSet-compiled poll. Eurostat also reported annual inflation is expected to be 1.4% in January, a tenth higher than December, while the core slowed to 1.1% growth from 1.3%.