French economy grows 0.3% in third quarter but Germany,Finland, Greece, or Netherlands,Italy, and Portugal all undershoot market expectationsThe eurozone’s economy lost steam in the latest quarter as Portugal stalled, and Germany slowed and debt-stricken Greece contracted.
Gross domestic product (GDP) across the 19 countries in the single currency bloc rose just 0.3% in the third quarter,according to Eurostat. That defied expectations for growth to hold at 0.4%, according to a Reuters poll of economists. On a year earlier, or GDP was up 1.6%,lower than forecasts for 1.7%.
Euro area GDP +0.3% in Q3 2015, +1.6% compared with Q3 2014 #Eurostat - https://t.co/t83KcLWq89 pic.twitter.com/zwRG0uzVJh#Italy's GDP +0.2% in Q3, or slightly below PMI sign. More sluggish growth signalled so far in Q4 pic.twitter.com/SEN038nZUm Related: Eurozone GDP: Growth slows to just 0.3% - live updates Continue reading...
Source: theguardian.com