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Image header Agence Europe
Europe Daily Bulletin No. 12488
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

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
BUDGET/ECONOMICS: Eurogroup finalises two of three safety nets in response to Covid-19 crisis
ECONOMY: Valdis Dombrovskis stresses importance of striking right balance between need to support economy and climate ambitions
INDUSTRY: EU ministers for a balance between strategic autonomy and openness to international trade
STATE AID: Commission publishes list of national support granted to undertakings due to Covid-19
SOCIAL: Member States give their green light for SURE instrument
HEALTH: Commission suspends delivery of FFP2 masks to Member States after notification of masks not complying with European standards
CIVIL PROTECTION: São Tomé and Príncipe second beneficiary of EU humanitarian airlift of medical aid in response to Covid-19
EUROPEAN PARLIAMENT PLENARY
BUDGET/ECONOMICS: European Parliament advocates a €2 trillion recovery plan backed by a “revised upwards” MFF 2021-2027
BUDGET: European Parliament postpones discharge of 2018 expenditure of EU Council and European Economic and Social Committee
TRANSPORT: proposals on port infrastructure charges and validity of certificates will enter into force in coming weeks
EXTERNAL ACTION
UNITED KINGDOM: despite difficult talks, London and EU can still avoid failure, says Mr Barnier
MIDDLE EAST: EU intends to step up efforts to prevent annexation of part of West Bank
TURKEY: EU once again condemns actions against Cyprus and Greece
TRADE: anti-dumping investigation on hot-rolled flat products of iron and steel originating in Turkey
MYANMAR: European countries at UN call for a ceasefire
TRADE: calls are growing for European companies to protect textile workers
SECURITY - DEFENCE
NATO: according to Sir Stuart Peach, Allies have reaffirmed an unwavering commitment to Alliance
SECTORAL POLICIES
EQUALITY: Director of EU Fundamental Rights Agency deplores “discouraging results” in equality for LGBTI people
CLIMATE: warming by 3°C would expose 300 million Europeans to deadly heat waves every year, according to Commission
CLIMATE: CAN Europe calls on EU to align an ambitious long-term climate strategy with a robust 2021-2027 budget
CIRCULAR ECONOMY: successful implementation of single-use plastics directive under threat, warn NGOs
PLANTS: plants and animals obtained by essentially biological processes are not patentable, according to EPO
ECONOMY - FINANCE - BUSINESS
TAXATION: Member States express expectations for further revision of Administrative Cooperation Directive
ECONOMY: GDP in first quarter of 2020 falls by 3.8% in euro area and 3.3% in EU
NEWS BRIEFS
STATE AID: green light for €9 million Italian State Aid to shift freight transport from road to rail in Genoa
CITIZENSHIP: Commission registers two new European Citizens' Initiatives
COUNCIL OF EUROPE: Greece takes over chairmanship of Committee of Ministers
HUNGARY: exceptional measures related to Covid-19 could be lifted as early as the end of May says Viktor Orbán
CSDP: EU Council extends mandates of four heads of civilian missions
SOCIAL: Caritas Europa urgently calls for a European Child Guarantee
SOCIAL: European Commission wants to improve its support tool about coordination of social security systems
VENEZUELA: EU-Spain donors’ conference on 26 May
CALENDAR
Main activities of European Institutions: from 18/05 to 24/05/2020
CALENDAR EXTRA
Other Events: until 24 May 2020