Europe’s economy brushes off energy shock from Iran war, shows moderate growth in Q3
Business
Finance
November 4, 2026
Share this article
Click to view full size
Europe’s economy persevered with moderate growth in the third quarter despite higher oil prices from the US-Iran war, as gross domestic product increased by 0.4 per cent over the quarter before.
The figure released on Friday for the 21 European Union member countries that use the euro currency was better than the 0.2 per cent expected by market analysts. Compared to the same quarter a year ago, the economy of the 21 countries using the euro grew by 1.3 per cent in the July-September period, according to EU statistics agency Eurostat.
The continued growth shows that “households and businesses have not pared back their spending due to the Iran war,” said Jack Allen-Reynolds, deputy chief eurozone economist at Capital Economics.
Business
Finance
Need the bigger picture?
Share this article
Comments (0)
Download our mobile app
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
