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Dutch economy grew 7.7% in Q3 as coronavirus lockdown was eased

AMSTERDAM, Nov 13 (Reuters) - The Dutch economy grew at its fastest rate on record in the third quarter, as restrictions to combat the coronavirus pandemic were eased, Statistics Netherlands (CBS) said on Friday.

The euro zone’s fifth largest economy grew 7.7% on a quarterly basis in the July-September period, the CBS said, as it recovered from an equally historic contraction of 8.5% in the second quarter - in which demand was crippled by a broad lockdown of the country.

Due to the pandemic, the Dutch economy shrank by a total of 3% in the first nine months of 2020, relative to its size at the end of 2019, the CBS said.

Reporting by Bart Meijer; Editing by Alison Williams