Europe's Economy Grows Just 0.2% Amid Tariff Pressures and Weak Performances

Europes economy grew just 0.2% in the third quarter, hindered by high U.S. Tariff pressures and weak performances from Germany and Italy, raising recession concerns.

• In the third quarter, the economy of the eurozone, comprising 20 countries, achieved a modest growth rate of 0.2%, reflecting ongoing challenges.
• Germany and Italy faced particularly weak economic performances, narrowly avoiding a technical recession, which typically involves two consecutive quarters of negative growth.
• Despite the sluggish growth and external pressures from higher U.S. tariffs, the European Central Bank is not expected to lower interest rates in response.