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Eurozone GDP grew by 2.2% in the third quarter


October, 29 2021
watermark Economic news

According to preliminary data from the Statistical Office of the European Union (Eurostat), the economy of all 19 eurozone countries grew by 2.2% in the third quarter of the year. In annual terms, the region's GDP grew by 3.7%.


Analysts on average expected the European economy to grow by 2% relative to the second quarter of 2021 and by 3.5% by the third quarter of last year.


This is the first of three estimates of the dynamics of eurozone GDP over the past quarter, the second estimate will be published on November 16.


The GDP of Germany, the strongest economy in the region, grew by 1.8% in the third quarter, France – by 3%, Italy – by 2.6%, Spain – by 2%.


The GDP of the states of the entire European Union in the period from July to September increased by 2.1% compared to the previous quarter and by 3.9% in annual terms.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.