Eurostat confirmed this Tuesday that the economies of the euro zone and the European Union (EU) had a year-on-year growth of 0.1% in the third quarter, with Portugal presenting the third highest increase in Gross Domestic Product (GDP).
The European statistical office thus confirms, in the bulletin released this Tuesday, the slowdown, to 0.1% in the euro zone and the EU, of the year-on-year growth of the Gross Domestic Product (GDP), which had accelerated, respectively, by 0.5%. % and 0.4% in the previous quarter.
For Portugal, Eurostat revised the previous estimate of higher growth for the third largest country, based on data from more Member States.
In terms of quarterly variation, the GDP of the euro zone fell by 0.1% and that of the EU once again remained stable between July and September, when in the second quarter it had grown by 0.2% among the single currency countries .
Compared to the third quarter of 2022, between July and September, the largest GDP accelerations were recorded in Cyprus (2.2%), Romania (2.1%) and Portugal (1.9%), with the main decreases observed in Ireland (-4.7%), Estonia (-2.5%) and Austria (-1.2%), while Germany’s economy, the largest in the EU, fell by 0.4%.
Compared to the second quarter of the year, Ireland (-1.8%), Finland (-0.9%) and Denmark and the Czech Republic (-0.3% each) presented the main decreases, with Poland (1 .4%), Cyprus (1.1%) and Hungary (0.9%) recorded the largest GDP increases.
German GDP fell 0.1% quarter-on-quarter.
Regarding the employment growth rate, included in this bulletin, but without data by Member State, the euro zone recorded a year-on-year increase of 1.4% and a quarterly increase of 0.3%, with the EU presenting an average, respectively. , 1.3% and 0.2%.
Source: TSF
