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Reviews Euro zone: 3rd quarter growth revised to 12.6%

15:10  13 november  2020
15:10  13 november  2020 Source:   rfi.fr

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The Eurozone economy grew by 12.7 percent in the three months to September 2020, recovering from a record slump of 11.8 percent seen during the second quarter and easily GDP Growth Rate in Euro Area is expected to be -2.20 percent by the end of this quarter , according to Trading Economics

The report on industrial production in the Eurozone also did not please, further driving traders into It will be possible to speak about the resumption of the euro growth only after the consolidation above the According to the National Bureau of Statistics, in the 3 rd quarter of 2020, compared to the 2nd

ZONE-EURO-ECONOMY-GDP: Euro zone: 3rd quarter growth revised to 12.6%

ZONE EURO: LA CROISSANCE DU 3E TRIMESTRE RÉVISÉE À 12,6% © Reuters / Albert Gea EURO ZONE: LA THIRD QUARTER GROWTH REVISED TO 12.6%

BRUSSELS (Reuters) - The euro zone economy grew slightly less than initially estimated in the third quarter but recorded a historic increase thanks to the lifting of the first containment measures, show Friday the second estimate published Thursday by Eurostat.

The gross domestic product (GDP) of the 19 countries that adopted the single currency increased by 12.6% over the period July-September, its largest increase since the start of the statistics in 1995.

Compared to the third quarter of 2019 , the GDP shows a decrease of 4.4%.

The preliminary estimate published at the end of October gave growth of 12.7% compared to the second quarter and a decline of 4.3% year-on-year.

For the European Union as a whole, the increase in GDP is 11.6% quarter on quarter. Over one year, GDP fell by 4.3%.

(Laetitia Volga, edited by Blandine Hénault)

Euro zone: The fall in inflation confirmed at 0.3% over one year .
ZONE-EURO-ECONOMIE-INFLATION: Euro zone: The fall in inflation confirmed at 0.3% over one year © Reuters / Regis Duvignau EURO ZONE: FALL INFLATION CONFIRMED AT 0.3% YEAR ON BRUSSELS (Reuters) - Consumer prices in the euro zone fell in November compared to the same month of the year latest, confirm data released Thursday by Eurostat. The inflation rate stood at -0.3% last month on an annual basis, a figure unchanged from October.

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