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In the third quarter, the GDP of the European Union marks +2.1% on an annual basis from the previous +4.3% and on a monthly basis +0.2% from the previous +0.8%.
This was announced by Eurostat according to which the reading confirms a slight expansion of the euro area economy in the third quarter, with an increase in employment of 0.2% over the quarter. That’s the least of worries, as most of Europe is looming in a winter recession well into next year.