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The Eurozone economy grew 12.5 percent in the third quarter compared to the previous quarter.

The European Statistics Office (Eurostat) published the growth data of the European Union (EU) and the Eurozone for the third quarter of 2020.

Accordingly, the seasonally adjusted gross domestic product (GDP) in the 19-member eurozone increased by 12.5 percent in the third quarter of 2020 compared to the previous quarter.

GDP in the Eurozone decreased by 4.3 percent in the third quarter of 2020 compared to the same period of 2019.

In the EU, seasonally adjusted GDP increased by 11.5 percent in the third quarter of this year compared to the previous quarter, and decreased by 4.2 percent compared to the third quarter of 2019.

GDP increased by 18.7 percent in France, 16.7 percent in Spain, 15.9 percent in Italy, 11.4 percent in Belgium and 8.5 percent in Germany in the third quarter compared to the second quarter. happened. Thus, the fastest increase was recorded in the EU and Euro Area in the third quarter since 1995, when the measurement of the said growth data was started.

On the other hand, due to the new type of coronavirus (Kovid-19) outbreak, the Eurozone shrank by 11.7 percent in the second quarter and by 11.3 percent in the EU.

Source: AA

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