Eurozone GDP Grows by 3.7% in Q3

The Eurozone economy grew 2.2% on quarter in the three months to September of 2021, beating 2.0% expected and 2.2% previous, the first estimate showed on Friday. Annually, the eurozone GDP rate expanded by 3.7% in Q3 vs. 14.3% seen in the second quarter of 2021 while beating 3.5% expectations. Seasonally adjusted Gross Domestic Product increased by 2.2% in the Eurozone and by 2.1% in the EU on a quarterly basis in the third quarter.  Annually, the euro area economy expanded by 3.7% in the same period, matching expectations.