The EU has today revised up euro zone third quarter economic growth slightly to 0.3%, as the performance of the 20-country single currency area further outstripped predictions.<\/p>\n
The new data from the bloc’s statistics agency was up from 0.2% in the initial estimate for the July-September period released at the end of October.<\/p>\n
The positive news came as the estimate for better-than-anticipated growth in France was maintained despite political turmoil in Europe’s second-biggest economy.<\/p>\n
Growth in Germany, the euro zone’s biggest economy, remained stagnant, however.<\/p>\n
The fastest riser in the bloc was Denmark that saw heady 2.3% growth, Eurostat said.<\/p>\n
The fresh figure came after the EU last month cut its euro zone growth forecast for 2026 as risks from international trade and geopolitical tensions weigh on Europe’s economy.<\/p>\n
The European Commission said it expects the 20-country single currency area to grow by 1.2% in 2026, down from a previous forecast of 1.4%.<\/p>\n
Meanwhile, euro zone employment rose by 0.2% quarter-on-quarter and rose by 0.6% year-on-year in the third quarter, the European Union statistics office said today, revising its earlier estimate for both the quarterly and annual figures.<\/p>\n
According to a Reuters poll, employment had been expected to rise 0.1% quarter-on-quarter and rise 0.5% year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"The EU has today revised up euro zone third quarter economic growth slightly to 0.3%, as the performance…\n","protected":false},"author":2,"featured_media":139661,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-177842","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/177842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=177842"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/177842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/139661"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=177842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=177842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=177842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}