ECONOMY - FINANCE - BUSINESS / Economy

GDP to fall by 0.6% in first quarter of 2021 in euro area

Brussels, 30/04/2021 (Agence Europe)

Seasonally adjusted GDP decreased by 0.6% in the euro area and by 0.4% in the European Union in the first quarter of 2021, compared with the previous quarter, according to a preliminary flash estimate published by the statistical office of the European Union (Eurostat) on Friday 30 April.

These drops follow contractions in the fourth quarter of 2020 (-0.7% in the euro area and -0.5% in the EU), after a strong rebound in the third quarter of 2020 (+12.5% in the euro area and +11.7% in the...