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Belgian Economy Stalled in Third Quarter on Debt Crisis

Belgium’s economy stalled in the third quarter as European leaders struggled to contain a worsening debt crisis and signs increased that the euro region is heading toward a recession.

Gross domestic product in Belgium, the sixth-largest economy in the euro area, was unchanged from the second quarter, when it grew a revised 0.4 percent, the National Bank of Belgium said today in a statement. That’s the worst performance since the country emerged from a recession in 2009. GDP rose 1.8 percent from a year earlier in the three months through June, down from a revised 2.2 percent in the second quarter.