Eurozone growing but at a snail's pace, Greece out of recession
- 10 years ago
Eurozone economic growth remains at a snail’s pace, but was stronger than expected in the period from July to September.
The preliminary estimate by the European Union’s statistics office Eurostat shows that overall the 18 countries sharing the euro expanded 0.2 percent from the previous quarter
That is double the rate between April and June.
France beat market expectations, Germany avoided recession and Greece showed signs of revival.
Year-on-year, eurozone growth in the third quarter was 0.8 percent, slightly better than economists had expected.
Eurostat data showed Europe’s biggest economy Germany expanded by 0.1 percent, so avoiding a second quarter of negative growth.
The eurozone’s second biggest France grew 0.3 percent against market expectations of a 0.2 percent gain.
Nick Kounis, the head of macro and financial markets research at ABN AMRO, said: “A slow recovery rather than a third recession looks to be on the cards. Having said that, this is not an outlook that p
The preliminary estimate by the European Union’s statistics office Eurostat shows that overall the 18 countries sharing the euro expanded 0.2 percent from the previous quarter
That is double the rate between April and June.
France beat market expectations, Germany avoided recession and Greece showed signs of revival.
Year-on-year, eurozone growth in the third quarter was 0.8 percent, slightly better than economists had expected.
Eurostat data showed Europe’s biggest economy Germany expanded by 0.1 percent, so avoiding a second quarter of negative growth.
The eurozone’s second biggest France grew 0.3 percent against market expectations of a 0.2 percent gain.
Nick Kounis, the head of macro and financial markets research at ABN AMRO, said: “A slow recovery rather than a third recession looks to be on the cards. Having said that, this is not an outlook that p