Quarterly GDP growth dropped from 0.6% to 0.4% in the third quarter, but remains well above trend. Despite a worsening energy shock, the economy continues to be resilient The eurozone economy seems to have shrugged off the Middle East crisis. In fact, growth has accelerated markedly since the war began at the end of February, a seemingly counterintuitive development for a major energy importer. Then again, the impact on inflation has been mild so far and real wage growth is still positive. Industry is increasingly feeling the effects of higher energy costs, but is also benefiting from the tech boom and increased defence and infrastructure spending. Ireland experienced another strong quarter with 5.
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