‘Earning season shows why we prefer the US to Europe’
The US economy grew “strongly” in the third quarter while GDP growth in the euro area contracted, and corporate results tell a similar story, according to a European private bank. In an economic update, economists at Societe Generale described growth as healthy in the US, but “sluggish” in Europe.Real GDP increased at an annual rate of 4.9 per cent in the third quarter, according to an advance estimate from the US Bureau of Economic Analysis.Meanwhile in the euro area and EU, seasonally adjusted GDP increased by 0.1 per cent year-on-year...
