We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights.

Sign up fornow and never miss the top politics stories again.

The eurozone hit a seven-year low today, sparking concerns of an economic crisis erupting across the European Union . Germany 's economy stagnated while both France and Italy contracted during the last quarter. There is concern that the risk of coronavirus could deliver a decisive blow to the eurozone this year, dragging Europe into a recession.

EU contempt: Merkel claimed UK will never get what it wants

At just 0.1 percent, the eurozone and the EU have both posted their weakest growth since early 2013, which is when the debt crisis risked a European recession.

Europe’s largest economies appeared to drag down the entire bloc, with Germany's result far below expectations and down from an upwardly revised 0.2 percent in the third quarter.

Paul Sommerville of Sommerville Advisory Markets pointed out that Germany’s economy has been “flat for nine months”.

He warned that “Germany is on verge of recession again and these numbers are all from before coronavirus”.

JUST IN: EU contempt: Merkel claimed UK will never get what it wants