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The Eurozone economy is growing stronger than expected

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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

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