Overall, the EU economy in the third quarter grew by 0.4% compared to the previous three months and by 2.5% in annual terms.
The economy of the 19 eurozone countries in the third quarter of 2022 increased by 0.3% compared to the previous quarter. This was confirmed by the last data of the Statistical Office of the European Union (Eurostat) on Wednesday, December 7th.
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Previously, a 0.2% increase in GDP was forecast, and analysts did not expect a revision of the estimate.
Thus, Germany’s GDP in the last quarter increased by 0.4% in quarterly and 1.3% in annual terms, France – by 0.2% and 1%, respectively, Italy – by 0.5% and 2.6%, Spain – by 0.2 % and 3.8%.
The EU economy in the third quarter grew by 0.4% compared to the previous three months and by 2.5% in annual terms.
Recall that in October inflation in the euro area for the first time exceeded 10%. At the same time, the highest rate of inflation in October was in the Baltic countries – in each of them about 22%.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.