Euro hopes

While stock markets have been worrying about a (so-far) mild slowdown in the US, the eurozone has been suffering a more serious one. Last week’s figures showed that industrial production in the region fell by 1.7 per cent in November. That means it is now likely that the overall economy barely grew at all in the fourth quarter. Fears about a trade war and Brexit, China’s slowdown, and troubles in the German car industry (which has seen its output fall 18 per cent in the last 12 months) are all causes of this.

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