The euro area stayed in the doldrums in the third quarter, according to data released on November 14th. Output rose by 0.2% compared to the second quarter, equivalent to just 0.6% on an annualised basis. That was only slightly faster than the meagre 0.1% growth in the second quarter (0.3% annualised). Against this dismal backdrop there was one nice surprise:ofthe 14 countries in the 18-strong currency union that reported data, Greece fared best, growing by 0.7%.
展开▼
