Trademagazin > News and articles > Market News > Economic performance in the euro area declined sharply in the second quarter
Economic performance in the euro area declined sharply in the second quarter
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)
Related news
EU Commissioner: European Commission’s agriculture and food roadmap guarantees EU food security
The agriculture and food roadmap adopted by the European Commission…
Read more >Sándor Farkas: area-based support should remain in the seven-year EU budget after 2028
Hungary would like both the currently valid area-based support and…
Read more >EU Commission gives the green light to Alcohol-Free Organic Wine
Organic winemakers will now be allowed to de-alcoholize their wine…
Read more >
More related news >
Related news
The measures due to the foot-and-mouth disease epidemic have been amended and supplemented
The national chief veterinarian will introduce new measures and modify…
Read more >Agricultural enterprises affected by foot-and-mouth disease will receive additional assistance
The government is creating an opportunity for farmers affected by…
Read more >Why has lactose-free milk become cheaper? – margin freeze, hidden profit margins and the trick of “free” products
A recent price comparison has come to a surprising result:…
Read more >