EU: Q3 Data Shows Economic Rebound, but Will Likely Be Short-Lived

Seasonally adjusted GDP grew by 12.7 percent in the euro area and by 12.1 percent in the European Union in the third quarter of 2020 compared with the previous quarter, Eurostat reported Oct. 30. However, compared with the third quarter of 2018, GDP decreased by 4.3 percent in the euro area and by 3.9 percent in the European Union. ...