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Global Top Cat

Europe: Steady

By Yiannis G. Mostrous, on Nov. 16, 2016

The eurozone’s third-quarter gross domestic product (GDP) registered a 0.3 percent growth rate, a number that’s unchanged from the previous quarter. Despite the limited growth, it’s a positive sign, given fears about the Continent’s economy after the Brexit vote.

Furthermore, the last quarter of the year could have been even better if the latest business survey results are anything to go by. Germany, Spain and the Netherlands are leading the way in improved business expectations.

As a result, Europe could finish the year on an economic uptick, even if it’s a weak one. That’s much better than market expectations at the beginning of the year.

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