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There are no changes to the initial estimates as the euro area economy holds up in Q3. As a reminder, expectations were for a growth of just 0.2% on the quarter on the initial report. So, the second estimate here mainly reaffirms the beat we saw from two weeks back. But as mentioned with the release then, there is a bit of a catch when it comes to the relative resilience we're seeing here. Ireland is the standout in terms of growth numbers with a whopping 5.5% quarterly expansion in Q3. However, let's be reminded of the fact that Ireland has a knack for notoriously volatile GDP figures in the past year and that always warrants some caution.
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