The Eurozone economy grew faster than expected, but potential threats of high tariffs from candidate Donald Trump if he wins the presidential election, escalating trade tensions with China, and weak consumer confidence keep growth prospects subdued. Data from the European Statistics Office (Eurostat) showed GDP growth in the 20 countries that subscribe to the euro by 0.4 percent in the third quarter compared to the previous quarter, beating expectations of 0.2 percent, but still showing fragility, as the industrial sector remained in recession and household consumption grew slightly.
Compared to the same quarter last year, growth in the region rose to 0.9 percent from 0.6 percent three months ago, keeping annual growth at or below 1 percent.
