According to data recently released by Eurostat, economic growth in the eurozone slowed to 0.4% in the third quarter. The eurozone economy, comprising 21 member states, experienced a period of stagnation in the first quarter before surging with 0.6% growth in the second quarter. Although growth slowed in the third quarter, actual figures were still higher than the previously forecast 0.2%, according to CNBC . However, in contrast to the overall regional growth, the French economy contracted by 0.1% in the third quarter. The country is currently struggling with rising borrowing costs, amid increasing investor caution due to its budget deficit and growing public debt.
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