According to data from Gold Ten, Moody's Analytics analyst Kamil Kovar believes that concerns about the continuous recession in the Eurozone have been magnified. The economy of the 20 member countries in the Eurozone grew by 0.4% in the third quarter, exceeding economists' forecasts and reducing concerns about economic recession. This means that the possibility of the European Central Bank cutting interest rates sharply in December is now small.
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According to data from Gold Ten, Moody's Analytics analyst Kamil Kovar believes that concerns about the continuous recession in the Eurozone have been magnified. The economy of the 20 member countries in the Eurozone grew by 0.4% in the third quarter, exceeding economists' forecasts and reducing concerns about economic recession. This means that the possibility of the European Central Bank cutting interest rates sharply in December is now small.