Euro zone growth hits two-year high of 0.4%, beating expectations

The euro zone economy grew by 0.4% in Q3, surpassing expectations of 0.2%, with Spain and Ireland leading growth. Germany also posted slight growth, avoiding a forecasted recession despite manufacturing struggles.

Analysts anticipate a cautious recovery in business activity and consumer confidence amid lower interest rates and cooling inflation.

The ECB, which cut rates in October to 3.25%, is expected to reduce rates further in December, potentially by 25 or even 50 basis points, CNBC has reported.

read more: https://www.cnbc.com/2024/10/30/euro-zone-gdp-q3-2024.html

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