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Tags: APFN | EU | Europe | Economy

Eurozone Grew 0.2% in Q3 as Shaky Recovery Continues

Eurozone Grew 0.2% in Q3 as Shaky Recovery Continues

Thursday, 31 October 2019 07:38 AM EDT

FRANKFURT, Germany (AP) — The 19 country eurozone grew 0.2% in the third quarter from the quarter before, continuing a shaky upswing amid trade disputes and uncertainty over Brexit.

The European Union's statistics agency, Eurostat, said Thursday that growth rose 1.1% from the same period a year ago.

The countries that share the euro continue to grow despite uncertainty over when and how Britain will leave the EU. The U.S.-China trade dispute has also weighed on business confidence, leading the European Central Bank to launch a stimulus package of bond purchase and an interest rate cut amid slowing indicators of future activity.

Unemployment remained unchanged in September at 7.5%, the lowest since July 2008, as the labor market continues its slow recovery from the 2010-2012 eurozone debt crisis.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The 19 country eurozone grew 0.2% in the third quarter from the quarter before, continuing a shaky upswing amid trade disputes and uncertainty over Brexit.The European Union's statistics agency, Eurostat, said Thursday that growth rose 1.1% from the same period a year...
APFN,EU,Europe,Economy
127
2019-38-31
Thursday, 31 October 2019 07:38 AM
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