Slower eurozone growth gives ECB ammunition to act in December

Berlin

ECONOMIC growth in the eurozone slowed more than expected in the third quarter as weaker foreign trade held back leaders Germany and France, and with much of the rest of the bloc underperforming.

The 19-member eurozone grew by 0.3 per cent in Q3, the European Union's statistics office Eurostat said on Friday, reinforcing expectations that the European Central Bank (ECB) will expand its monetary stimulus next month.