The European Union’s statistics office Eurostat said that according to its preliminary flash estimate, gross domestic product in the 19 countries sharing the euro fell by 0.7% quarter-on-quarter, for a 5.1% year-on-year decline.

Economists polled by Reuters had expected a 1.0% quarterly fall and a 5.4% annual contraction after a sharp rebound in the July-September period when the euro zone eased restrictions on travel and leisure after a first wave of COVID-19 cases

-Reuters