Eurozone economy grows 0.3% as Germany powers ahead

Improvement on 0.2% growth in previous quarter raises hopes that Europe's weak economic recovery is picking up pace

Growth across the eurozone economy has accelerated, driven by a strong performance from the exporting powerhouse Germany.

Eurozone GDP rose by 0.3% in the final three months of 2014. That is an improvement on the 0.2% growth in the previous quarter, raising hopes that Europe's weak economic recovery is picking up pace.

"With the strong labour market, wage increases, low energy prices and extremely low interest rates, consumers should continue to spend it.

At the same time, the weak euro will definitely benefit German exports, letting them return as a growth engine."

Related: Eurozone economy grows 0.3% as Germany powers ahead

Did anyone tweet a DAX chart? Here it is. Record high. pic.twitter.com/ik1FKDW3WV

Q4 azone GDP is a familiar tale: Germany fared relatively well, France/Italy stagnated and Spain is slowly healing. Little to rejoice about.