Eurozone GDP revised to 12.5% ​​growth rate from July to September

Eurozone GDP = Gross Domestic Product has been revised from July to September to an increase of 12.5% ​​compared to the previous three months.

The statistics bureau of the EU = European Union has set the growth rate of GDP from July to September in 19 euro area countries such as Germany and France at + 12.6% in real terms, but on the 8th, the latest As a result of the revision to reflect the statistics, it announced that it increased by 12.5% ​​compared to the previous three months.

This is the highest since 1995, when we started collecting statistics, and when converted to an annual rate, it is + 60%.

However, this growth was due to a reaction to the sharp drop in the previous three months, and the serious spread of the new coronavirus infection in the euro area continues to have an impact on economic activity.

In response to this situation, the OECD = Organization for Economic Co-operation and Development announced on the 1st of this month that the growth rate of GDP in the euro area throughout the year will be minus 7.5%.