Eurozone GDP surges at fastest rate since 1995

According to a new publication by Eurostat, seasonally adjusted gross domestic product increased by 12.5% in the euro area and by 11.5% in the EU in the third quarter of 2020, when compared to the previous quarter.

Eurozone employment and GDP experienced its sharpest increase since records began this summer, rebounding from a Covid-19-induced contraction earlier in the year.

According to a new publication by Eurostat, seasonally adjusted gross domestic product (GDP) increased by 12.5% in the euro area and by 11.5% in the EU in the third quarter of 2020, when compared to the previous quarter.