The European economy maintained its pulse in the third quarter above expectations. Despite worsening economic sentiment and the trade and geopolitical tensions, the eurozone GDP grew by 0.2%, in line with the previous quarter, according to the preliminary estimate released by Eurostat on Thursday.
The economy grew in the EU as a whole by 0.3%, slightly higher than the 0.2% registered in the previous quarter.
Compared with the same quarter of the previous year, GDP rose by 1.1% in the eurozone and by 1.4% in the EU28 in the third quarter of 2019, while in the previous quarter it was 1.2% in the euro area and 1.4% in the EU as a whole.
The economic expansion is losing steam, as global uncertainty is weighing on investors and consumers’ confidence. Still, the figures released on Thursday were above the 0.1% growth expected by analysts for the July-September period.