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2025-10-30 18:02:42
[Eurozone Economy Shows Stronger Resilience Than Expected; French and Spanish Growth Offsets Stagnation in Germany and Italy] ⑴ Eurozone economy grew by 0.2% in the third quarter, better than the market expectation of 0.1%, with resilient consumption offsetting weak exports and the difficulties faced by German industry. ⑵ Annualized growth reached 1.3%, exceeding the forecast of 1.2% and approaching the natural growth level without stimulus policies. ⑶ France's quarterly growth of 0.5% significantly exceeded expectations, while Spain maintained a robust growth rate of 0.6%, becoming the engine of growth in the region. ⑷ The economies of Germany and Italy both stagnated, creating a clear divergence among core countries. ⑸ Data eased the pressure on the European Central Bank to cut interest rates recently, confirming its assessment of the economy's resilience to uncertainty. ⑹ Despite the continued risks posed by trade tensions, economists remain optimistic about the outlook. ⑺ Multiple factors, including the transmission of historical interest rate cut effects, ample household savings, and bottoming out of inventories, support future recovery. ⑻ Purchasing managers' surveys show a recovery in business activity, with improved German confidence and reduced tariff uncertainty boosting sentiment. (9) Economists predict that due to the rigidity of the economic structure, the long-term growth rate will remain in the range of 1.2%-1.5%.
