Eurozone economy grows only 0.2% in third quarter

Economy of the eurozone continues to grow moderately. The Gross Domestic Product (GDP) of the region rose only 0.2% between June and September, compared to the previous quarter, according to the latest data from Eurostat. Eurozone GDP has increased 1.2% compared to the third quarter of 2018, one tenth more than in the second quarter.

In the European Union as a whole, the economy registered a quarterly increased by 0.3%, up from 0.2% in the previous period. On a year-on-year basis, European Union economy grew 1.3%

GDP of the euro zone has increased by 1.2% year-on-year

Among the large euro economies, Germany’s GDP increase of 0.1% in the third quarter, compared to a 0.2% decline in the second quarter of 2019. The country thus dodges the technical recession that experts anticipated.

The French economy rose 0.3% in the third quarter, the same percentage as in the previous quarter, while Italy registered a stagnation between June and September, after growing by 0.1% in the third quarter.