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Annual GDP in Eurozone Contracts by 4.3% in Q3

The seasonally adjusted Gross Domestic Product (GDP) expanded by 12.5% in the third quarter in the euro area, the data published by the Eurostat showed on Tuesday.

On a yearly basis, the euro area GDP contracted by 4.3% in Q3 and came in slightly better than the market expectation for a decline of 4.4%.

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