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Eurozone, third quarter GDP -0,6% year on year

Contraction of 0,1% compared to the previous three months – The figure is better than forecasts, with analysts who had forecast a cyclical downturn of 0,2% and 0,7% on a trend basis.

Eurozone, third quarter GDP -0,6% year on year

In the third quarter the GDP of the eurozone record the umpteenth contraction: -0,1% compared to the previous three months e -0,6% every year. Eurostat reports this in its latest preliminary estimate. 

The figure is better than forecasts, with analysts who had forecast a 0,2% and 0,7% cyclical downturn on a trend basis.

As far as the second quarter is concerned, the GDP remains unchanged (-0,2% compared to the previous quarter).

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