EU economy not as strong as it may seem to be
- 3 months ago
The Eurozone has disappointed on the closing end of 2019, expanding at a sluggish pace for four years and gains of new order growth has disappeared.
France is a major issue as the protests of late have shaken Macron’s leadership and have caused business activity to shrink significantly.
Germany was not in such good shape either as the private sector’s expansion weakened to a four-year low and indicating that the world’s fourth largest economy may be slowing down in the last quarter of the year.
European stock markets were also lackluster, as the pan-European STOXX600 dropped by 0.52% and the MSCI lost 0.97%.
Source: Smart Trend Team