US EditionPublished • loading... • Updated
Euro zone economy ekes out 0.2% growth in the third quarter
- On Aug. 26, 2020, Eurostat flash data showed the euro zone economy grew 0.2% in the third quarter, beating economists polled by Reuters' 0.1% forecast.
- Amid high inflation and trade uncertainty, businesses held back investment as annual inflation reached 2% and rose to 2.2% in September.
- France's INSEE reported that the second-largest euro zone economy grew 0.5% in Q3, with exports up 2.2% and imports down 0.4%.
- The data arrived ahead of the European Central Bank's policy decision due later Thursday, with the ECB's rate cutting cycle appearing over as the bank is widely expected to keep its key deposit facility rate at 2%, Matthew Ryan said.
- A survey showed inflation has fallen back largely to target and the bloc grew faster in October as new orders hit the quickest pace in 2-1/2 years, signaling momentum.
Insights by Ground AI
64 Articles
64 Articles
In the third quarter of the year, the euro zone is growing at a modest 0.2% economic growth rate. The central bank seems satisfied with itself. Someone has to be.
Growth in the euro area was 0.2% in the third quarter. The European Central Bank estimates that international uncertainties are beginning to decrease.
·Paris, France
Read Full Article
Because inflation is no longer so high, the most important key interest rate remains at 2.0 percent. Meanwhile, the central bank is pushing ahead with the introduction of the digital euro.
·Munich, Germany
Read Full Article
Coverage Details
Total News Sources64
Leaning Left9Leaning Right6Center14Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 31%
C 48%
R 21%
Factuality
To view factuality data please Upgrade to Premium
