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Euro Zone GDP Grows Just 0.2% in Third Quarter

Published 11/14/2018, 05:02 AM
Updated 11/14/2018, 05:02 AM

Investing.com - A slowdown in growth in the euro area economy in the third quarter was confirmed by a preliminary estimate released on Wednesday.

Eurostat said the euro area economy grew by just 0.2% in the third quarter, matching the initial flash estimate and economists’ forecasts.

The euro area economy had expanded by 0.4% in the second quarter.

The economy expanded by an annualized 1.7% in the three months to September, also matching the initial estimate and slowing from a upwardly revised 2.2% in the second quarter.

Earlier Wednesday, data showed that Germany’s economy contracted for the first time since the first quarter of 2015 in the third quarter, adding to fears over the impact of global trade wars on the outlook for global growth.

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