(chart) Analysis by economists indicates that euro area growth supported by monetary policy measures is continuing this year. In the third quarter, the rate of GDP quarterly growth dropped slightly, yet it was by 0.3% higher than in the second quarter. External trade, which was slower than forecast earlier, impeded faster growth.
That is by and large explained by the weaker growth prospects of such developing countries as China and Russia as well as others. (chart) Inflation in October increased to 0.1%, primarily on account of rising core inflation: the latter reached the highest level since August 2013. The rise in inflation was fostered by domestic demand and weakening of the euro exchange rate.