Data released by Eurostat on Friday showed that the eurozone economy grew 0.4% quarter-on-quarter in the third quarter. Although this was lower than the exceptionally strong 0.6% recorded in the second quarter, it still beat economists' expectations of 0.2%. Year-on-year growth came in at 1.3%, above the expected 1.1% and broadly in line with its potential growth level. Supported by resilient investment and consumption, the eurozone economy withstood the pressure brought by high energy prices. Although the growth rate was less than half that of the United States, it was far better than the pessimistic market forecasts that followed the outbreak of the Iran war. Large-scale spending on artificial intelligence, defense, and infrastructure boosted investment, strong overseas demand supported industrial production, and households continued to spend while further reducing their already high savings rate. This performance drove the market to raise economic growth forecasts repeatedly during the year, with most forecasting institutions expecting the eurozone economy to grow by more than 1% this year and to accelerate further in 2027.