Following the easing of Covid-19 control measures, the euro area economy recovered at the fastest pace on record in the third quarter driven by household spending, investment and exports, revised data from Eurostat showed on Tuesday.
Gross domestic product grew sharply by 12.5 percent sequentially, reversing the 11.7 percent fall in the second quarter. The growth rate was revised down marginally from 12.6 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.