Euro area: Euro area recovery weakens in Q3

In the third quarter, Eurozone GDP expanded 0.1% over the previous period (Q2: +0.3% quarter-on-quarter). The result was in line with the flash estimate released by the statistical office (Eurostat) on 14 November and marked the second consecutive expansion following a streak of six periods of contraction—the longest recession in the Euro area’s history. On an annual basis, the economy contracted 0.4%, marking a slight improvement over the 0.6% drop recorded in the previous quarter.

Read more about European GDP.

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