India, March 7 -- The euro area economy grew in the fourth quarter at a faster than initially estimated pace, driven by consumption and investment.
Eurozone economic growth for the fourth quarter was revised up to 0.2 percent from 0.1 percent, Eurostat reported. Nonetheless, this was weaker than the 0.4 percent expansion seen in the third quarter. On a yearly basis, gross domestic product logged an expansion of 1.2 percent, which was revised up from 0.9 percent. The rate was also faster than the third quarter's 1.0 percent growth.
On the expenditure-side, household consumption and government spending grew 0.4 percent each. Gross fixed capital formation moved up 0.6 percent.
While exports edged down 0.1 percent, imports grew by 0.1 percen...