Seasonally adjusted GDP decreased by 0.3% in the euro area and by 0.1% in the European Union in the first quarter of 2021 compared with the previous quarter of 2020, according to the estimate published by the EU statistical office (Eurostat) on Tuesday 8 June.
In mid-May, Eurostat expected GDP to fall by 0.3% and 0.4% respectively in the euro area and the EU (see EUROPE B12722A22).
Ireland (+7.8%), Croatia (+5.8%), Estonia (+4.8%) and Greece (+4.4%) registered the highest increases, while...