International credit rating agency Fitch Ratings reported that the growth in the Euro Zone is slowly beginning to recover. According to Fitch, gross domestic product (GDP) in the Euro Zone increased by 0.9% annually in the third quarter of the year, marking the fastest annual growth rate since the second quarter of 2023. The statement noted that the national account details of the four largest Euro Zone economies have not yet been published, but there seem to be signs of a revival in consumer spending. Consumption growth rose to 0.5% quarter-on-quarter in France and 1.1% in Spain in the third quarter of the year, while in Germany, consumption increased in the third quarter following a decline in the second quarter. The statement provided information that headline inflation in the Euro Zone fell to 2% annually and nominal wage increases remained above 4% annually, highlighting that this combination resulted in a sharp increase in real wages. The statement concluded with the assessment that the Euro Zone growth is slowly beginning to recover as increasing real wages provide a more supportive ground for consumer spending. It was emphasized in the statement that Euro Zone growth continued to lag far behind the United States in the third quarter.