Eurozone growth falls, raises chances of Q2 cut

Chances of the European Central Bank (ECB) cutting rates later this year rose as data revealed the pace of growth slackened in the eurozone in the fourth quarter of last year.

Eurostat, the European Commission's statistics bureau, estimated that the pace of eurozone growth had fallen from 0.8% in the third quarter to 0.4% in the final three months of 2007.

Growth in the region's biggest economy Germany slowed from 0.7% to 0.3%. The rate of expansion of the French economy, the zone's second la