Saturday, November 2, 2019

Eurozone Blames The Current Trade War For Slowing Its Economy

The Guardian: US trade war with China takes its toll on eurozone economy

Annual growth rate for 19-nation bloc continues steady slowdown

Fresh evidence of the impact of global trade wars on the eurozone has emerged with official figures revealing growth in the 19-nation single currency bloc was 0.2% in the three months to September.

Data from the EU’s statistical agency, Eurostat, showed activity expanded by 0.2% in the latest quarter – unchanged on the three months to June.

Eurozone growth was slightly stronger than financial markets had been expecting, suggesting Germany, Europe’s biggest economy, narrowly avoided slipping into recession in the third quarter.

Read more ....

WNU Editor: The problem with the Eurozone's narrative is that the U.S. economy is doing well .... October job creation comes in at 128,000, easily topping estimates even with GM auto strike (CNBC).
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1 comment:

  1. AnonymousNovember 2, 2019 at 2:35 PM

    Always the EU blaming everyone else without any internal reflection.

    The sooner Brexit and others follow, the better in my view.

    ReplyDelete