Annual growth rate for 19-nation bloc continues steady slowdown
Fresh evidence of the impact of global trade wars on the eurozone has emerged with official figures revealing growth in the 19-nation single currency bloc was 0.2% in the three months to September.
Data from the EU’s statistical agency, Eurostat, showed activity expanded by 0.2% in the latest quarter – unchanged on the three months to June.
Eurozone growth was slightly stronger than financial markets had been expecting, suggesting Germany, Europe’s biggest economy, narrowly avoided slipping into recession in the third quarter.
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WNU Editor: The problem with the Eurozone's narrative is that the U.S. economy is doing well .... October job creation comes in at 128,000, easily topping estimates even with GM auto strike (CNBC).
