Europe Grew in the 3rd Quarter

Europe Grew in the 3rd Quarter Europe grew in the 3rd quarter. According to the announced data, the Euro Zone experienced a recovery in exports. Based on this situation, it grew by 12.5 percent compared to the previous quarter. According to breaking economic news, the Euro Zone shrank by 4.3 percent in the third quarter compared to 2019, and experienced 12.5 percent growth compared to the previous quarter. It was stated that exports contributed the most on a quarterly basis to the growth data that came in line with the expectations of economists. The Euro Zone grew by 7.6 percent compared to the previous quarter due to the base effect of exports, while it decreased by 4.2 percent compared to the same quarter of 2019. Imports, on the other hand, decreased by 5.2 percent compared to the second quarter, and rose 3.9 percent compared to the third quarter of last year. The main reason why exports contributed greatly to the quarterly growth was the significant decrease in export figures in the second quarter. Growth data came in line with expectations, led by increased exports due to the base effect.