Economic growth in the eurozone slowed in 2017 as US threats of tariffs on steel and aluminium products stoked fears of a trade war . Output in the 19-country bloc fell 0.4 % from 0.7 % in Q4 2017 , according to Eurostat . In Germany , the eurozone 's largest economy , growth halved to 0 % . In the previous quarter, euro zone exports grew 2.2 percent and imports rose by 1.5 percent. Declines caused by a decline in exports were pared by higher household consumption and increased investment .
Economic growth in the eurozone slowed in 2017 as US threats of tariffs on steel and aluminium products stoked fears of a trade war . Output in the 19-country bloc fell 0.4 % from 0.7 % in Q4 2017 , according to Eurostat . In Germany , the eurozone 's largest economy , growth halved to 0 % . Declines caused by a decline in exports were pared by higher household consumption and increased investment .