31 January 2022
From a macroeconomic standpoint, the European scenario saw a further increase in GDP in Q3 2021 compared to the same period in the previous year. According to Eurostat, EU27 GDP increased by 4.1%, down from a yearly growth rate of 13.8% in Q2 2021. It is the third consecutive quarter with increasing economic activity, although the pace of growth has decelerated. Against this backdrop, the European mortgage stock and gross lending registered additional gains during this quarter.