WS #16574
France's GDP contracted by 0.1% in Q3, while Italy faces wildcat general strikes over cost-of-living concerns, highlighting economic divergence within the Eurozone. This contrasts with Germany's slight growth and underscores the fragility of the European recovery. The economic weakness is likely to keep the ECB on hold, supporting the euro but limiting growth prospects for European equities.
European Economic Divergence
France's GDP contracted by 0.1% in Q3, while Italy faces wildcat general strikes over cost-of-living concerns, highlighting economic divergence within the Eurozone. This contrasts with Germany's slight growth and underscores the fragility of the European recovery. The economic weakness is likely to keep the ECB on hold, supporting the euro but limiting growth prospects for European equities.