Saturday, Jul 12, 2014Saturday, Jul 12, 2014

Data points to eurozone recovery losing steam in Q3

Published on Dec 4, 2013 10:56 PM

PARIS (AFP) - The eurozone recovery is losing steam, data released on Wednesday suggested, with France possibly heading back into recession.

Eurostat released its second estimate of the eurozone's third-quarter growth, which was unchanged at 0.1 per cent.

That marks a slowdown from the 0.3-per cent economic growth recorded in the second quarter when the eurozone escaped a record 18-month recession.

HSBC bank analyst Matteo Caminetta said the eurozone's dependence on global trade for recovery was obvious.

If you are not a subscriber, you can get instant, unlimited access here