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France Fizzles, Germany Slows as Europe‚??s Economy Stalls

The euro-zone economy all but stagnated in the third quarter with France’s recovery fizzling out and Germany‚??s growth slowing.

France Fizzles, Germany Slows as Europe‚??s Economy Stalls (Reuters)

The euro-zone economy all but stagnated in the third quarter with France’s recovery fizzling out and Germany‚??s growth slowing. The 9.5 trillion euro economy pulled out of its longest recession in the previous quarter but record unemployment, lack of consumer confidence and weak bank lending are preventing a rebound. In the quarter ended in September, the combined economy of the 17 countries sharing the euro grew by a slower-than-expected 0.1 percent. In the previous quarter, it rose 0.3 percent — the first expansion in 18 months. France‚??s economy contracted by 0.1 percent in the third quarter but it had been expected to post growth of 0.1 percent. Its economy now has shrunk in three of the last four quarters. Growth in Germany, Europe‚??s largest economy, slowed to 0.3 percent, down from 0.7 in the second quarter.

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Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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archive

France Fizzles, Germany Slows as Europe’s Economy Stalls

France Fizzles, Germany Slows as Europe’s Economy Stalls (Reuters)

The euro-zone economy all but stagnated in the third quarter with France’s recovery fizzling out and Germany‚Äôs growth slowing. The 9.5 trillion euro economy pulled out of its longest recession in the previous quarter but record unemployment, lack of consumer confidence and weak bank lending are preventing a rebound. In the quarter ended in September, the combined economy of the 17 countries sharing the euro grew by a slower-than-expected 0.1 percent. In the previous quarter, it rose 0.3 percent — the first expansion in 18 months. France‚Äôs economy contracted by 0.1 percent in the third quarter but it had been expected to post growth of 0.1 percent. Its economy now has shrunk in three of the last four quarters. Growth in Germany, Europe‚Äôs largest economy, slowed to 0.3 percent, down from 0.7 in the second quarter.

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