After a decent performance in the second quarter, Belgian economic growth came to a standstill in the three months to September. Also second quarter growth was slightly downwardly revised from 0.5% Q/Q to 0.4% Q/Q. This outcome provides further evidence that the euro zone economy is struggling to stay out of recession. German GDP might be stronger in the third quarter, after an extremely poor second quarter, but the outlook for the fourth quarter is bleak and the euro zone economy will likely contract in the last three months of the year.