Economic performance in the euro area declined sharply in the second quarter

By: Trademagazin editor Date: 2020. 08. 17. 15:15

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Economic performance declined and employment fell sharply in the second quarter as a result of the global coronavirus pandemic in both the European Union and in the euro area.

According to the second estimate released by the European Union’s statistical office (Eurostat) on Friday, gross domestic product (GDP) fell by 12.1 percent quarter-on-quarter in the euro area and by 11.7 percent in the European Union in April-June. (MTI)