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Friday, August 14, 2015

Eurozone growth weaker than forecast as French economy stagnates

Rolling coverage as Greek MPs vote on the country’s third bailout after an all-night sessionFull Story: Alexis Tsipras hit by Syriza rebellion as Greece approves bailout dealTsipras likely to call confidence votePhotos: Dissent (and yawns) in Athens parliamentIntroduction: Greek MPs pull an all-nighterIt’s also eurozone GDP day:Latest: Euro economy grew by just 0.3%French GDP stagnatesGermany misses expectationsFinland still in recession 11.03am BST Analysts at Capital Economics fear that the eurozone economy will continue to slow through 2015, and only grow by 1% during the year.They say:“Looking ahead, business surveys suggest that the euro zone economy will continue to expand, led by strong growth in Spain and a solid German economy. But they offer little hope that the recovery will gain pace.”“Indeed, we think it is more likely that growth in the region as a whole will slow further in the second half of the year.” 0.3% rise in #euro-zone GDP in Q2 in line with our 2015 forecast of 1% vs consensus of 1.5%. We also expect 1% in 2016 vs consensus of 1.8%. 10.24am BST Recession in #Finland continues. Only EZ coutry with shrinking GDP in 2Q. Won't help support for 3rd package for #Greece Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com