GDP growth in the euro area
In the third quarter of 2024, economic growth in the euro area showed an increase of 0.4%, confirming preliminary estimates provided by the European Statistical Office, Eurostat. This result marks an improvement compared to the second quarter, when gross domestic product (GDP) had increased by only 0.2%.
The trend growth on an annual basis stood at 0.9%, showing an increase compared to 0.4% in the previous quarter.
Analysis of the economic recovery
These data suggest a moderate but steady economic recovery in the region. Despite global challenges, the eurozone seems to be maintaining a growth trajectory, albeit contained. The analysis of economic data reveals that the fiscal and monetary policies adopted by the various member countries have helped to support this recovery. However, it is crucial to monitor the trend of international trade policies, especially those of the United States, which could negatively affect future growth.
Situation in the European Union
Looking at the entire European Union, GDP showed economic growth of 0.2% and an increase of 1% year-on-year. These results indicate a positive, albeit moderate, economic dynamic for the entire European block. The economic diversity between the various member states plays a crucial role in determining the overall trend, with some countries showing better performance than others. It is essential that economic policies are coordinated to maximize the benefits of growth and address common challenges
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Impact of global uncertainties
Recently, the Hong Kong Hang Seng Index closed down 1.96%, while the Shanghai market registered a 1.73% decrease. These fluctuations are partly attributable to uncertainties regarding U.S. trade policies, which continue to negatively affect global markets. Trade tensions may also have repercussions on economic growth in the eurozone, making it necessary to closely monitor international dynamics
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