Eurozone Q3 Economic Growth Rate Rebounds by 12.7%

Market Outlook Exceeds Expectations

[Asia Economy Reporter Bu Aeri] The Eurozone's third-quarter Gross Domestic Product (GDP) rebounded, rising by more than 10% compared to the previous quarter.

Eurostat, the statistical office of the European Union (EU), announced on the 30th (local time) that the Eurozone's third-quarter GDP recorded 12.7%. The second-quarter GDP was -11.8%.

This figure exceeded market expectations (9.6%) by 3.1 percentage points.