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Euro area GDP sees slight decrease in Q3 2023

16 Nov '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In the third quarter of 2023, the euro area's GDP declined by 0.1 per cent, contrasting with the EU's stable GDP.
  • Employment trends were positive in both the euro area and the EU, with a 0.3 per cent and 0.2 per cent rise, respectively.
  • Year-over-year, employment in these regions showed an accelerated growth compared to the previous quarter.
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