Euro zone returns to Recession in third quarter ** *PIC*

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

Euro zone returns to recession in third quarter ( EURUSD ) (by William L. Watts)

FRANKFURT (MarketWatch) -- Euro-zone gross domestic product shrank at a 0.1% quarterly rate in the July-to-September period, the European Union statistics agency Eurostat reported Thursday, confirming the region's economy fell back into a widely-used definition of recession. Euro-zone GDP had contracted by 0.2% in the second quarter. A recession is broadly defined as two consecutive quarters of shrinking GDP. The outcome was widely expected after a series of earlier national GDP releases. Those data showed German growth slowed but remained in positive territory, while France surprised to the upside by growing 0.2% in the third quarter. Italian third-quarter GDP shrank 0.2% after a 0.7% contraction in the second quarter. Spanish GDP shrank 0.3%. The Netherlands saw GDP fall 1.1% after eking out growth of 0.1% in the second quarter.

Forum Policy

Return to Index