The Trade Book Eurozone Growth Slows, Raising Anticipation for More Stimulus

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  • ARTICLE_POSTED_BY: The Trade Book
  • ARTICLE_POSTED_ON: Nov 21, 2015
  • Views : 789
  • Likes : 1
  • Category : Business
  • Description : BERLIN — Economic growth in the eurozone slowed unexpectedly in the third quarter, as weaker foreign trade held back Germany and France, the region’s two biggest economies, while much of the rest of the bloc underperformed.

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  • Courtesy NY Times

Overview



  • BERLIN — Economic growth in the eurozone slowed unexpectedly in the third quarter, as weaker foreign trade held back Germany and France, the region’s two biggest economies, while much of the rest of the bloc underperformed.
    The economy of the 19-member eurozone grew 0.3 percent in the third quarter, slowing a touch from 0.4 percent in the prior quarter, according to Eurostat, trade bloc’s statistics office. The figures reinforced expectations that the European Central Bank would expand its monetary stimulus next month.

    “The eurozone recovery is continuing, but it seems like driving with the handbrake on,” said Peter Vanden Houte, an ING economist. “We believe that the E.C.B. has actually already made up its mind and that today’s figures are not strong enough to deter them from going ahead with the intended easing.”