Euro-zone third-quarter GDP growth revised lower (by William L. Watts)
LONDON (MarketWatch) -- The euro-zone economy expanded at a slightly slower pace than previously estimated in the third quarter, the European Union statistics agency Eurostat said Friday. Third-quarter gross domestic product grew by 0.3% versus the previous quarter and expanded by 1.9% compared to the same period in 2009, the agency said. Eurostat previously estimated that GDP grew by 0.4% in the third quarter after expanding 1% in the second quarter. Economists surveyed by Dow Jones Newswires had forecast no change to the estimate. Separately, Eurostat said the unemployment rate in the euro zone was 10.1% in November, unchanged from October and in line with forecasts.