The Zhitong Finance App learned that the Eurozone economy has shown resilience beyond market expectations, strengthening the market's expectations that the ECB will raise interest rates again in December. According to data released by Eurostat on Friday, the gross domestic product (GDP) of the 21 member countries in the Eurozone increased 0.4% month-on-month in the third quarter, in line with the preliminary estimates announced at the end of October. The growth rate was double what analysts expected at the time. However, economic growth slowed from 0.6% in the second quarter, indicating that although the Eurozone economy is resilient, the recovery momentum is not continuing to increase.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that the Eurozone economy has shown resilience beyond market expectations, strengthening the market's expectations that the ECB will raise interest rates again in December. According to data released by Eurostat on Friday, the gross domestic product (GDP) of the 21 member countries in the Eurozone increased 0.4% month-on-month in the third quarter, in line with the preliminary estimates announced at the end of October. The growth rate was double what analysts expected at the time. However, economic growth slowed from 0.6% in the second quarter, indicating that although the Eurozone economy is resilient, the recovery momentum is not continuing to increase.
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