Euro Recovery Wanes as Germany Slows and France Contracts
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Germany’s economy lost momentum in the third quarter while France and Italy contracted, adding to evidence that the euro region’s recovery is flagging.
German GDP rose 0.3 percent from the second quarter, when it increased by 0.7 percent. That’s in line with the median of 41 estimates in a Bloomberg News survey. The French and Italian economies both shrank 0.1 percent. The European Union’s statistics office in Luxembourg is due to publish data for the euro area at 11 a.m., for which economists predict growth of 0.1 percent compared with 0.3 percent in the prior three months.