The euro area saw the highest GDP growth in its history in the third quarter

By: Trademagazin editor Date: 2020. 12. 09. 11:10

The euro area’s gross domestic product grew less than first estimated, but still the largest ever recorded, in the third quarter compared with the previous quarter, according to a report by Eurostat, the European Union’s statistical office.

In the third quarter, the seasonally adjusted gross domestic product (GDP) of the euro area grew by 12.5 percent from the previous quarter, the highest level since the beginning of the records in 1995. Eurostat’s first estimate showed slightly higher quarterly GDP growth of 12.6 percent for the third quarter. In the second quarter, GDP decreased by 11.7 percent in the euro area on a quarterly basis. (MTI)