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By Ivaylo MARKOV, Managing Partner of Thales Capital
When we start with dry statistics, the gross domestic product (GDP) of the Eurozone and the whole European Union remained unchanged in the third quarter compared to the same period last year, according to preliminary official Eurostat data. The second and third quarter growth rates rose by 0.6% and 0.5% respectively. This represents a further deterioration in the pace of economic growth, after the Eurozone grew by 1.8% year-on-year in the first three months of 2023 and the European Union’s one as a whole by 1.7%.
Some of the Eastern Europe countries and namely Bulgaria's GDP grew by 1.8% in the third quarter compared to a year earlier, according to local statistic institutes data. However,...
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