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| Topic: |
Business
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| Number of pages / Number of words: |
16 / 4280 |
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The slowdown appears to have been broad-based, although there was a particularly sharp fall in household consumption growth.
In the eurozone, GDP grew by 0.6% in Q3 2005, up from 0.4% in Q2. Net exports and an upswing in investment spending underpinned the improvement, aided by a softer euro and stronger-than-expected global growth...
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Consumer sentiment is improving, albeit very slowly, given ongoing concerns over high unemployment rates and the impact of higher oil prices on real disposable incomes. Although we expect softer eurozone growth in Q4 due to slow domestic demand in Germany and France, we still expect an upswing in growth in 2006, driven by continuing strong export growth and improving domestic demand...
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