Hungarian ecomomy is expanding faster than Germany

Economic activity in Germany grew by 0.3%, a slowdown from the prior quarter, and in France it fell by 0.1%, indicating that the euro zone’s nascent recovery faltered in the summer. Between them, they account for almost half of total euro-zone output.

Austria, which accounts for 3.2% of total euro-zone GDP, grew 0.2%, the Czech Republic contracted by 0.5% but Hungary beat expectations with growth of 0.8% from the second quarter. The Netherlands, accounting for 6.3%, rose by 0.1% from the second quarter and Italy, which accounts for 16.5% of euro-zone GDP came in in line with expectations with a decline of 0.1%. Portugal‘s economy grew 0.2% from the second quarter. Greece came in with a 3.0% decline.

The big figure, combined euro-zone GDP, came in at 0.1% growth. That’s a slowdown from 0.3% growth in the second quarter.

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