The European economy held up better than expected despite energy disruptions from the Iran War, with gross domestic product growing 0.4% from the previous quarter. The figures from Eurostat cover the July-September period and the 21 eurozone member countries. The growth is higher than the 0.2% expected by analysts. Year on year, the result is 1.3% higher than in the same period last year. Ireland inflated the result, recording growth of 5.5%. Ireland’s figures are volatile, heavily dependent on the many tech and pharmaceutical companies in the country that are more influenced by global patterns. Without Ireland, eurozone growth was 0.2%. However, the result showed resilience across the EU, despite France shrinking by 0.
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