Eurozone bounces back to economic growth

Euro sign at ECB building in Frankfurt, Germany, 24 Apr 2020Image source, AFP

The economies of the eurozone bounced back in the third quarter of the year, according to new official figures.

Economic activity for the region as a whole was 12.7% higher, external than in the previous three months.

But the growth was not enough to reverse the declines in the first half of 2020 due to the pandemic.

The outlook for the end of the year is further weakness caused by a renewed surge in Covid cases and tighter official restrictions.