Euro area: Sluggish GDP growth in Q3

In the third quarter, the Eurozone’s GDP rose 0.1% over the previous period, according to the flash estimate released by the statistical office (Eurostat) on 14 November. The Q3 reading marked the second consecutive increase following six consecutive quarters of contraction—the longest recession in the Eurozone’s history—and matched market expectations. On an annual basis, the economy contracted 0.4%, which marks an improvement over the revised 0.6% drop recorded in the previous quarter (previously reported: -0.7% year-on-year).

Read more about European GDP.

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