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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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.