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  • the eurozone economy saw a strong bounce back in the third quarter.

  • Figures out Friday showed GDP in the 19 countries of the block surged 12.7% on the previous period.

  • That was well ahead of economist forecasts and made up for an 11.8% contraction in the previous three months.

  • France, Italy and Spain saw especially strong growth.

  • Germany expanded by a more modest 8.2% though that was still the fastest pace on record for Europe's biggest economy.

  • Strong exports were one driver there.

  • If you think Friday's numbers guarantee good times ahead.

  • However, with health worries roaring back, France and Germany were this week among countries to announce new restrictions.

  • On Thursday, European Central Bank chief Christine Lagarde warned that although signs point to a new slow down recent hot data, survey results on high frequency indicators point to a significant softening in economic activity in the final quarter off the year, the CBI hinted it would announce new stimulus measures at its December policy meeting.

  • As a result, governments to our planning new measures with Germany set to compensate firms for the effects off its new lock down consumers at least can benefit from falling prices down 0.3% on the year.

  • In October, inflation was pulled down by plunging energy costs, which more than offset higher prices for food, alcohol and tobacco True.

the eurozone economy saw a strong bounce back in the third quarter.

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B1 germany quarter announce gdp strong france

Euro zone GDP jumps more than expected in third quarter

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    林宜悉 posted on 2020/10/30
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