EconomyEuro area

Eurozone economy grows 0.4% in third quarter

Eurozone GDP grew 0.4% in the third quarter, and annual growth rose to 1.3%. The European Central Bank is weighing another rate hike.

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The euro area's economy expanded by 0.4% in the third quarter. Gross domestic product, or GDP, measures the total value of goods and services an economy produces over a period.

Annual growth rose to 1.3%, a sign that the economy has picked up pace over the past year. At the same time, the European Central Bank is weighing another interest-rate hike, which would raise the cost of borrowing further.

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