Euro area grew just 0.2% in third quarter

UPDATE: France and Germany expand in the third quarter but Italy and Spain are under heavy pressure on bond markets as overall euro zone growth stagnates.

15th November, 2011
Euro area grew just 0.2% in third quarter
Household spending boosted Germany in the third quarter

The euro zone economy advanced by just 0.2 per cent in the third quarter of the year, led by above average performances by France and Germany.

A report from the EU statistics office showed overall GDP was up 0.2 per cent, unchanged from the previous quarter, while Germany grew by 0.5 per cent and France by 0.4 per cent.

However there were contractions in Greece, the Netherlands and Portugal while Spain and Belgium were stagnant.

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