Eurozone economy slower in Q3

Third quarter eurozone GDP slowed in the third quarter to 0.3% from 0.4% in Q2 and 0.5% in Q1.  Economists had hoped that the figure would have stabilised around 0.4%. A slowdown in trade from Germany, France and Italy appeared to be the main culprit despite a weaker Euro which should have helped exports but was not enough to offset slower global growth.  Mario Draghi, President of the European Central Bank, repeated that the case for more monetary easing will be examined in December. The consensus is that an expansion to QE is almost certainly a done deal and this prospect may limit further losses even as European stock markets record a second day of falling prices.