Economic performance in the euro area rose sharply in the third quarter
According to a second estimate released by the European Union’s statistical office (Eurostat) on Friday, gross domestic product (GDP) grew by 12.6 percent quarter-on-quarter in the euro area and 11.6 percent in the European Union in July-September.
On an annual basis, however, seasonally adjusted GDP fell by 4.4 percent in the euro area and by 4.3 percent in the EU in the third quarter. (MTI)
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