Olan McEvoy
Research expert covering the European Union for society, economy, and politics.
Get in touch with us nowQuarterly GDP growth was negative for both the European Union and the Euro currency area in quarter three of 2023. During this quarter, Malta was the European country which saw the greatest growth compared to the previous quarter, with the small Southern European country growing its output by 2.4 percent in quarter three. Estonia, on the other hand, saw the greatest contraction of its economy compared to quarter two, with the Baltic country seeing a negative growth rate of -1.3 percent.
Many of the larger economies in Europe also saw negative growth in this quarter, albeit with smaller declines - Germany, France, and the UK saw negative rates of -0.1 percent, while the Netherlands saw a decline of -0.3 percent. Italy saw a slow growth rate of 0.1 percent, while Spain, Switzerland and Turkey both grew by 0.3 percent. Poland was the fastest growing of Europe's larger economies in quarter three, however, with a rate of 1.5 percent.
You only have access to basic statistics.
Business Solutions including all features.
Overview of the European Economy
Economic Growth Forecasts
Inflation and Interest Rates Forecasts
Labor Market Forecasts
Other Key Issues Affecting the European Economy in 2024