Eurozone economy grew 0.4% in Q3, driven by domestic demand but hampered by falling exports.

The Eurozone's economy grew by 0.4% in Q3 2024, up from 0.2% in Q2, driven by increased domestic demand, including household and government spending. However, exports declined by 1.5%. Year-on-year, the Eurozone's GDP increased by 0.9%, and the EU27 saw a 1.0% annual growth. Ireland, Denmark, and Lithuania had the highest growth, while Hungary and Latvia saw the largest decreases. Employment grew by 0.2% sequentially and 1.0% year-on-year.

4 months ago
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