Eurozone GDP Growth Slows to 0.4% in Q3 Amid French Economic Contraction
The Eurozone economy experienced a slowdown in growth during the third quarter, expanding by 0.4% compared to the 0.6% recorded in the previous quarter. Despite this deceleration, the figure exceeded economist expectations, which had forecasted a more modest growth rate of 0.2% according to Reuters polling. The broader regional performance was weighed down by an unexpected 0.1% contraction in France's economy. The French downturn is attributed to ongoing nationwide unrest and mounting pressure from rising bond yields as investors express concern regarding the country's high deficit levels.
Topics: Economic Contraction Eurostat Eurozone GDP France Economy