Eurozone Q3 growth revised up to 0.3%
The new data was up from 0.2% in the initial estimate for the July-September period
[BRUSSELS] The EU on Friday (Dec 5) revised up eurozone third quarter economic growth slightly to 0.3 per cent, as the performance of the 20-country single currency area further outstripped predictions.
The new data from the bloc’s statistics agency was up from 0.2 per cent in the initial estimate for the July-September period released at the end of October.
The positive news came as the estimate for better-than-anticipated growth in France was maintained despite political turmoil in Europe’s second-biggest economy.
Growth in Germany, the eurozone’s biggest economy, remained stagnant, however.
The fastest riser in the bloc was Denmark that saw heady 2.3 per cent growth, Eurostat said.
The fresh figure came after the EU last month cut its eurozone growth forecast for 2026 as risks from international trade and geopolitical tensions weigh on Europe’s economy.
The European Commission said it expects the 20-country single currency area to grow by 1.2 per cent in 2026, down from a previous forecast of 1.4 per cent. AFP
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