Euro zone economy slows to 0.4% growth in Q3 as crisis-hit France contracts
Eurostat said quarterly growth beat forecasts, but France slipped 0.1% and Ireland’s 5.5% surge lifted the bloc’s overall figure.
- Economic expansion in Europe slowed to 0.4% in the third quarter from 0.6% in the previous three months, Eurostat reported Friday, though annual growth remained resilient at 1.3%.
- Ireland's exceptional 5.5% quarterly growth rate skewed the regional figure, masking underlying weakness where France unexpectedly contracted by 0.1% amid nationwide unrest and rising bond yields.
- Among major economies, Germany expanded by 0.2%, Spain and the Netherlands grew by 0.6%, while Italy remained unchanged as expensive energy created persistent headwinds.
- Despite the slowdown, the figure exceeded gloomy projections made after the start of the Iran war earlier this year, defying expectations of sharper economic compression.
- A fresh energy price jump likely forces the ECB to raise interest rates as soon as December, a move that would further slow regional growth.
25 Articles
25 Articles
The eurozone economy grew by 0.4 percent in the third quarter compared to the second quarter, statistics agency Eurostat reports based on preliminary figures. Economic growth in the euro area thus slowed slightly, following growth of 0.6 percent in the second quarter. However, the growth was higher than the 0.2 percent economists had expected, demonstrating that the bloc is managing to absorb the consequences of the war in the Middle East well.
Among the major powers, Spain is the country with the highest growth (0.6%), but also the country with the highest unemployment rate (10.3%). More information: GDP grows by 0.6%, a tenth less, in the third quarter and inflation remains at 4.9% in October.
France is worse than expected, in Germany it slows growth. Spain is progressing by 0.6%
dagelijksestandaard.nl
LUXEMBOURG (ANP) - The eurozone economy grew by 0.4 percent in the third quarter compared to the second quarter, statistics agency Eurostat reports based on preliminary figures. Economic growth in the euro area consequently slowed slightly, after growth of 0.6 percent in the...
The European Union's gross domestic product (GDP) increased by 0.5 percent in the third quarter compared to the previous three months. Economic growth slowed from 0.7 percent in the second quarter, the statistical office Eurostat said in its flash estimate on Friday. According to Eurostat, growth in the Czech economy accelerated to 0.5 percent from 0.3 percent.
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