Euro zone GDP contracts in Q3, but employment sees growth
TL;DR Summary
The euro zone economy contracted slightly in the third quarter, confirming expectations of a technical recession if the fourth quarter remains weak. However, employment in the euro zone rose during the same period. The growth slump is attributed to high inflation, record high interest rates, and tightening fiscal policy.
- Euro zone Q3 GDP shrinks, but employment rises Reuters
- GDP down by 0.1% and employment up by 0.3% in the euro area Forex Factory
- Eurozone Preliminary GDP contracts 0.1% QoQ in Q3 vs. -0.1% expected FXStreet
- Euro zone economy shrinks in third-quarter, but employment rises The Globe and Mail
- Eurozone economy shrinks in third quarter as German, Irish GDP falls Irish Independent
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