In this morning's Money Minute, we look to the third quarter GDP figure for the eurozone as a whole.Eurozone economic output is expected to have grown by around 0.2% for the three months to the end of September.
More closely watched, however, will be the German GDP data for the same quarter.Germany's GDP shrank by 0.1% in the second quarter. If it shrinks again in the third quarter, that would mean the German economy is technically in recession.
That said, low interest rates mean that while German manufacturing is struggling, consumer demand is holding up well.So even if the country is in recession, it's very much down to a specific sector of the economy.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Later in the day, we get the latest weekly update on jobless claims from the US.Last week's report was better than expected. Despite concerns about a US slowdown, it doesn't seem to be showing up in the American dole queue as yet.
-
The biggest fossil fuel financing banks – is yours on the list?You may not know it, but your savings could be being used to finance the fossil fuel industry. We look at the banks with the best and worst climate policies.
-
The private equity puzzleListed private equity trusts still trade at large discounts, despite sales that validate their valuations
