Eurozone economy surprisingly grew 0.4% in Q3, though industrial production dipped 2%.

The eurozone's economy grew faster than expected in the third quarter, with GDP expanding by 0.4%, up from 0.2% in the second quarter. Employment also rose by 0.2%, boosting the annual growth rate to 1.0%. Despite these positive signs, industrial production fell by 2% in September, suggesting potential challenges to the economic recovery. High interest rates and shrinking corporate margins may continue to pressure businesses.

November 14, 2024
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