The euro area's economic growth met market expectations in the third quarter of 2021, rising by 2.2% compared to the previous trimester, according to a preliminary report published by Eurostat on Tuesday. The Eurozone's gross domestic product (GDP) annually increased by the expected 3.7%, APA reports citing Teletrader.
The European Union member states that recorded the largest economic growth this quarter were Romania (8%), Hungary (6.1%) and Lithuania (6%). During the same three months, the number of employed persons rose by 0.9% on a quarterly basis and 2% year-on-year.
The data for the whole EU estimated quarterly economic growth at 2.1% and yearly at 3.9%, with the number of employed people rising by 0.9% quarter-on-quarter and 0.8% compared to the same three months of 2020.