Economic growth in the euro area slowed in the third quarter, as expected. According to Eurostat, GDP increased 0.4% in real terms in the euro area and 1.9% y-o-y. In most of Slovenia's main trading partners economic growth slowed relative to the previous quarter. Germany's economic growth eased noticeably in the third quarter, but remains among the highest in the EU. The economic recovery in the euro area is set to continue in the next two years, according to the autumn forecasts by the EC and the OECD. Growth in merchandise trade slowed in the third quarter of this year, as expected. According to seasonally adjusted data, merchandise exports remained at the level of August in September, after growing for several months, while in the third quarter as a whole, their growth eased consistent with the movements in the international environment and in line with their projections in the Autumn Forecast (from 5.9% to 4.5%).