Eurozone growth falls, Italy woes weigh
Print Edition
Growth in the eurozone slowed significantly in the third quarter, official data showed yesterday, as Italy鈥檚 economic troubles weighed and car production in Germany was disrupted.
Gross domestic product in the 19-country single currency area rose just 0.2 percent from July to September, the Eurostat agency said, compared with 0.4 percent in the preceding quarter and analyst forecasts, also for 0.4 percent.
The disappointing data come with Brussels locked in a standoff with Rome over its populist government鈥檚 plans for larger deficits despite a high public debt load.
On a year-on-year basis, economic growth in the eurozone was 1.7 percent, well below the 2.2 percent rate seen in the previous quarter.
Bert Colijn, Senior Economist at ING bank said the 0.4 percent growth seen in the second quarter 鈥渕ay have felt like a disappointment at the time, but could well have been a last hurrah of the growth cycle.鈥
Hold-ups in German car production over new emissions rules likely hit growth in the zone鈥檚 economic powerhouse.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
