13.11.2015 - Eurozone GDP grew by 0.3%

Today was published preliminary statistics for the euro area GDP in the third quarter, it grew by only 0.3%, vs. expected 0.4%, which was due to weak performance in Italy, Portugal, the Netherlands and Finland. The largest euro area economy - Germany and France showed an increase of 0.3%. Weak economic growth in the monetary union will encourage the ECB to use additional tools for monetary stimulus. In this regard, we expect the euro to fall in the price to the levels around 1.0500 and maintain the medium-term negative outlook.

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