The Aporia
The Aporia
Mchugh, D. (2026, October 30). Europe's economy brushes off energy shock from Iran war, shows moderate growth in Q3. Toronto Star. https://www.thestar.com/news/world/europe-s-economy-brushes-off-energy-shock-from-iran-war-shows-moderate-growth-in-q3/article_e034e01c-a74e-5f9b-890f-8e46bc140391.html
Mchugh, David. “Europe's economy brushes off energy shock from Iran war, shows moderate growth in Q3.” Toronto Star, 30 Oct. 2026, https://www.thestar.com/news/world/europe-s-economy-brushes-off-energy-shock-from-iran-war-shows-moderate-growth-in-q3/article_e034e01c-a74e-5f9b-890f-8e46bc140391.html.
Mchugh, David. “Europe's economy brushes off energy shock from Iran war, shows moderate growth in Q3.” Toronto Star, October 30, 2026. https://www.thestar.com/news/world/europe-s-economy-brushes-off-energy-shock-from-iran-war-shows-moderate-growth-in-q3/article_e034e01c-a74e-5f9b-890f-8e46bc140391.html.
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Europe’s economy showed moderate growth in the third quarter of 2026, with gross domestic product increasing by 0.4% over the previous quarter despite higher oil prices due to the U.S.-Iran war. The European Union, comprising 21 member countries that use the euro currency, saw a year-over-year GDP increase of 1.3% from July to September, according to Eurostat. Germany’s economy particularly outperformed expectations, growing by 0.2% in the third quarter, driven by rising public and private spending despite weakened exports and declining investment. This growth boosts hopes for sustained recovery in Europe's largest economy after years of stagnation caused by factors including China’s shift from market to competitor status and surging energy costs.
