Eurozone Q3 GDP expands by record 12.6% QOQ
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Economic newsNovember 14, 20201 min read

Eurozone Q3 GDP expands by record 12.6% QOQ

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The eurozone's third-quarter GDP expanded by a record 12.6% compared to the prior three-month period, versus a previous estimate of 12.7% growth, a second estimate from Eurostat showed.

This marked the best economic performance since data collection began in 1995 and followed a record slump of 11.8% in the second quarter as the coronavirus pandemic ravaged the region's economy.

On an annual basis, the region's GDP contracted 4.4% in the July-to-September period, following a 14.8% decline in the second quarter.

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