Eurozone economy loses momentum in third quarter

  • 2/5/2023
  • 19:06
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BRUSSELS, Safar 1, 1437, Nov 13, 2015, SPA -- Across much of the 19-country eurozone, economic growth was a struggle in the third quarter of the year despite cheaper oil, moderate or falling consumer prices and a lower euro, AP reported. The Eurostat figures showed that many eurozone economies saw growth ease during the period not just the powerhouse economy of Germany. Italy's anemic recovery continues with growth at just 0.2 percent against 0.3 percent the previous quarter, while Portugal, which is currently without a government, saw no growth at all, compared with a 0.5 percent increase in the second quarter. And the Netherlands barely expanded by 0.1 percent for the second straight quarter. Jonathan Loynes, chief European economist at Capital Economics, says the outlook isn't too rosy as growth will likely slow "as the temporary boosts from lower oil prices and the euro fade." --SPA 13:31 LOCAL TIME 10:31 GMT www.spa.gov.sa/w

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