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Image header Agence Europe
Europe Daily Bulletin No. 12674
Contents Publication in full By article 28 / 33
ECONOMY - FINANCE - BUSINESS / Economy

6.6% fall in GDP means 2020 recession was slightly less severe than expected in eurozone

According to an estimate published by the EU’s Statistical Office (Eurostat) on Tuesday 9 March, GDP fell by 6.6% in the euro area and by 6.2% in the European Union in 2020, having increased by 1.3% and 1.6% respectively in 2019. The data is slightly lower to an estimate provided in mid-February that predicted falls of 6.8% in the euro area and 6.4% in the EU (see EUROPE B12659A4).

Compared to the previous quarter, seasonally adjusted GDP decreased by 0.7% in the euro area and by 0.5% in...

Contents

EUROPEAN PARLIAMENT PLENARY
SECTORAL POLICIES
EXTERNAL ACTION
COURT OF JUSTICE OF THE EU
EU RESPONSE TO COVID-19
ECONOMY - FINANCE - BUSINESS
COUNCIL OF EUROPE
NEWS BRIEFS