Growth in the euro-region remained steady based on statistics released today. These confirm numbers issues last month.
According to Bloomberg
Gross domestic product rose 0.2 percent from the second quarter, the European Union’s statistics office said today, confirming an initial estimate published on Nov. 15. Exports increased 1.5 percent from the second quarter, when they gained 1.1 percent, while household spending advanced 0.3 percent. Construction output dropped 0.6 percent.
The news would have to be seen as a net positive for a region which has suffered from recessions in some countries and slowdowns in most others. Part of the argument for the bailout of some of the weaker nations in the region is that the austerity measures they must take will not cause economic depressions.
The data is expected to change for the last quarter of the year. Many nations which need money may not get loans. Those nations will almost certainly increase taxes, which could well be regressive
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