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BREAKING: The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union’s statistics agency showed Wednesday. Economists polled by Reuters had expected growth of 0.2%. following the bloc’s 0.3% expansion in the second quarter. Analysts say euro zone growth should cautiously pick up in the coming months, amid lower interest rates and cooling inflation. Markets have fully priced another 25-basis-point cut from the ECB in its last meeting of the year in December. The euro zone’s biggest economy, Germany, recorded surprise growth of 0.2% in the third quarter, according to figures published on Wednesday. That allowed the country to avoid the recession that had been forecast by some economists. Contact us today, and let us demonstrate how we can elevate your portfolio to new levels Contact Us: bit.ly/AlgoTrader Website: alphabinwanicapital.com Free Newsletter: bit.ly/AlgoNewsletter #Investing #ThematicInvesting #AI #EuroGDP

The eurozone economy is expected to “turn a corner” in 2024 as faster growth in southern Europe will help offset continued stagnation in Germany, new forecasts from the European Commission show.

Euro Zone Economy Q2 2024 Overview The euro zone's economy experienced a growth of 0.3% in the second quarter of 2024, surpassing the 0.2% forecasted by experts. This growth marks a notable improvement from the technical recession that occurred in the latter half of 2023. However, not all countries within the euro zone observed positive economic developments. Despite being the largest economy in the region, Germany faced a 0.1% contraction in the second quarter, alongside Latvia, Sweden, and Hungary. Conversely, Ireland exhibited the most substantial growth at 1.2%, with France, the second-largest economy, also experiencing a 0.3% growth. The varying economic performances across the region indicate an uneven recovery. As a response, the European Central Bank opted to maintain unchanged interest rates, potentially setting the stage for a rate reduction in September. Subsequent data releases, particularly on inflation, will offer valuable insights into the evolving economic landscape. # Thank you Luisa Schmidt for your submission!

Eurozone GDP stagnated in Q4 2024 as Germany (-0.2%) and France (-0.1%) contracted. https://lnkd.in/gdeEBNCw. And: How the EU aims to keep up with the world's top economies. https://lnkd.in/gn9tE-D7

Euro zone economy grows 0.4% in third quarter, above expectations

The US has been the outlier, but I suspect that because of this is why some sectors will fall harder as bubbles have formed due to influx of foreign investment. The latter is not mentioned in the article, just surmised given Asia’s and Europe’s performance versus the US. #AIbubble #stockmarket #MagSeven #NVDA #Darwinex ************************ “In figures released earlier on Tuesday, the German economy dragged down the rest of the bloc with output falling 0.1 per cent in Europe’s largest economy in the second quarter. The federal statistical agency said the decline reflected lower investment in equipment and buildings. Italy’s economy also slowed to 0.2 per cent, as higher services output offset weakness in industry and agriculture.”

Concerns about economic growth in the Eurozone appear to be unwarranted, as recent data shows a stronger-than-expected performance for the region’s economy. According to preliminary data from Eurostat, the Eurozone’s GDP increased by 0.4% quarter-on-quarter during the third quarter of 2024. This marks the strongest growth rate seen in the Eurozone over the past two years, outperforming both the previous quarter’s 0.2% increase and forecasts, which had anticipated another 0.2% rise. Germany, the largest economy in the Eurozone, experienced a modest 0.2% growth in the third quarter. This was a notable turnaround, as Germany narrowly avoided slipping into a recession following a downwardly revised 0.3% contraction in the second quarter. Meanwhile, France saw an acceleration in its economic growth, with GDP expanding by 0.4%, doubling the 0.2% growth rate recorded in the previous quarter. Spain’s economy also showed resilience, maintaining a robust pace of growth in this period. On a year-over-year basis, the Eurozone’s GDP grew by 0.9%, marking the best annual performance since the first quarter of 2023. This year-over-year figure also surpassed the previous quarter’s 0.6% increase and exceeded forecasts, which had predicted a 0.8% rise. The European Central Bank (ECB) projects that GDP in the Eurozone will continue to grow at a rate of 0.8% for the entirety of 2024, signaling steady economic progress across the region despite global challenges.

The euro zone's economy showed a slight but unexpected uptick in growth during the second quarter, with output increasing by 0.3%, according to Eurostat data released on Tuesday. This modest expansion, just ahead of economists' predictions, was driven by higher real incomes and public spending, helping the bloc maintain the same pace as the previous quarter. However, a closer look reveals a mixed picture, with robust performances from France and Spain offset by a surprising contraction in Germany's economy, raising concerns about a prolonged slump in Europe's largest economy. France's GDP rose by 0.3%, bolstered by a single large export of a cruise ship, while Spain outperformed expectations with a 0.8% increase, partially due to public investments. In contrast, Germany's output fell by 0.1%, highlighting structural challenges such as a decline in investment and issues with competitiveness exacerbated by the loss of cheap energy supplies and a shift in trade relations. Adding to the complexity, German inflation unexpectedly rose to 2.6% in July from 2.5% in June, with core inflation remaining stubbornly high at 2.9%. This persistent inflationary pressure in services, despite a slowdown in other sectors, complicates the European Central Bank's (ECB) efforts to manage the region's economic recovery. While inflation in Spain cooled more than expected, the overall euro zone saw inflation edge up to 2.6% in July, reinforcing concerns about a challenging path ahead. The mixed economic signals and continued inflationary pressures come amid broader concerns about the euro zone's recovery trajectory. Despite the ECB's recent rate cuts and expectations for further easing, the region's growth remains fragile, with market participants closely watching for signs of sustained improvement. As the euro zone navigates these uncertainties, the outlook for the rest of the year appears increasingly clouded. #EuroZone #Economy #GDP #Inflation #Germany #ECB #France #Spain #EconomicGrowth #Eurostat #MonetaryPolicy #InterestRates #ConsumerSpending https://lnkd.in/d_CTph3s

There are many reasons why Northern European countries are the richest countries in the world.

Over the past three years, Europe's largest economy has slowly but steadily sunk into crisis. The country has seen no meaningful quarterly real GDP growth since late 2021, and annual GDP is poised to shrink for the second year in a row. Industrial production peaked in 2017 and is down 16 per cent since then. According to the latest available data, corporate investment declined in 12 of the past 20 quarters and is now at a level last seen during the early shock of the pandemic. Foreign direct investment is also down sharply. Light on the horizon is hard to detect. In its latest forecast, the IMF says that German GDP will expand by just 0.8 per cent next year. Of the world’s largest and richest economies, only Italy is expected to grow as slowly. Economists blame Germany’s economic woes on high energy costs, high corporate taxes and high labour costs, as well as what they describe as excessive bureaucracy. These issues have been compounded by a shortage of skilled workers and the dire state of the country’s infrastructure after decades of under-investment.