Europe’s economy grew by a modest 0.2% in the third quarter, official figures showed Thursday. Growth in the 20 countries that use the euro was held by back higher U.S. tariffs and anemic performances by Germany and Italy, both of which barely avoided a technical recession.
The weak growth outcome won't be enough, however, to spur the European Central Bank to cut interest rates. The ECB's stand-pat stance is a sharp contrast with that of the U.S. Federal Reserve, which cut its benchmark rate by a quarter percentage point Wednesday and is wrestling with whether to cut again before the end of the year.
