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Europe Daily Bulletin No. 12488

16 May 2020
Contents Publication in full By article 24 / 34
ECONOMY - FINANCE - BUSINESS / Economy
GDP in first quarter of 2020 falls by 3.8% in euro area and 3.3% in EU
Brussels, 15/05/2020 (Agence Europe)

According to a flash estimate published by the Statistical Office of the European Union (Eurostat) on Friday 15 May, seasonally adjusted GDP decreased by 3.8% in the euro area and by 3.3% in the European Union during the first quarter of 2020, compared with the fourth quarter of 2019.

In a press release, Eurostat notes that “these are the sharpest declines observed since time series started in 1995”.

By comparison, GDP in the United States decreased by 1.2% in the first quarter of 2020...

Contents

EU RESPONSE TO COVID-19
EUROPEAN PARLIAMENT PLENARY
EXTERNAL ACTION
SECURITY - DEFENCE
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
NEWS BRIEFS
CALENDAR
CALENDAR EXTRA