The eurozone economy shrank by 12.1 percent in the second quarter of this year while the EU's overall GDP contracted by 11.9 percent
"These were by far the sharpest declines observed since time series started in 1995," Eurostat said.Among EU members for which Eurostat obtained economic data, Spain recorded the steepest decline in the second quarter compared to the previous one at -18.5 percent, followed by Portugal andItaly reported a contraction of 12.4 percent, while theThe sharp contraction between April and June followed a first-quarter decrease of 3.6 percent in the eurozone and 3.2 percent across the EU.
Calling the figures "a preliminary flash estimate," Eurostat said the data was seasonally adjusted and reflected the coronavirus containment measures adopted by most EU countries in the spring. Findings are "based on data sources that are incomplete and subject to further revisions," it said. Compared with the second quarter of 2019, seasonally adjusted GDP decreased by 15 percent in the eurozone and by 14.4 percent in the EU.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
8 Shows Streaming On Netflix Worth The Binge Plus 12 Coming In AugustWith so many shows to stream, here's a list of 8 Netflix series worth the binge plus 12 new ones coming in August:
Weiterlesen »
Los Angeles Times Denies Report That It Took Advertising Money In Exchange For Pac-12 CoverageA report from The Oregonian/OregonLive columnist John Canzano that claims the Los Angeles Times accepted advertising money in exchange for increased coverage of the Pac-12 is being denied by the me…
Weiterlesen »
12 symptoms a gynaecologist says you should never ignoreBeing aware of the symptoms and seeking help early is paramount
Weiterlesen »
Shopify surges 12% after crushing 2nd-quarter revenue expectations - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »