Placeholder Image

Subtitles section Play video

  • 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.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it