Eurozone GDP growth rate is slightly affected by US-China trade friction November 1, 8:04

In the Eurozone, which uses a single currency such as Germany and France, the GDP growth rate for the three months from July is only 0.2%, the same as the previous three months. The low level continues due to such factors as.

The EU-European statistical office announced the growth rate of GDP from July to September on 19th of the euro zone including Germany, France and Italy.

According to it, the growth rate was the same excluding price fluctuations, staying at 0.2%, the same as the previous three months, and continued to remain at a low level.

In the background, production activities, particularly in the manufacturing industry, are stagnant due to trade friction between the US and China and the impact of the UK leaving the EU.

In response to this situation, the European Central Bank, which is responsible for monetary policy in the Eurozone, has decided to cut its interest rate for the first time in three and a half years in September to support the economy.

However, last month, the Trump administration in the United States launched measures to add up to 25% of tariffs on imported goods from Europe. The future is increasingly uncertain.