- GDP in the euro area grew apace in the third quarter.
- The EUR / USD pair is moving modestly above 1.2100.
The gross domestic product Seasonally adjusted GDP expanded 12.5% in the third quarter in the euro zone and 11.5% in the EU, as the data published by Eurostat showed this Tuesday.
On an annual basis, euro area GDP contracted by -4.3% in the third quarter and it was slightly better than market expectations of a -4.4% drop.
“France (+ 18.7%), Spain (+ 16.7%) and Italy (+ 15.9%) recorded the largest increases in GDP compared to the previous quarter“Eurostat noted in its press release.” These countries were also among the largest declines in the second quarter. “
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.