Trademagazin > News and articles > Market News > Euro area and EU gross domestic product declined on a historic scale in the second quarter
Euro area and EU gross domestic product declined on a historic scale in the second quarter
Gross domestic product fell less than in the first estimate, but still the largest ever recorded, in the second quarter in both the euro area and the EU, according to a report by Eurostat, the European Union’s statistical office.
In the second quarter, gross domestic product (GDP) in the euro area declined by 11.8 percent quarter on quarter, according to Eurostat’s second estimate. Eurostat showed a decrease of 12.1 percent in its first estimate, but the slightest decrease in the second estimate is the largest decline since the beginning of the register in 1995. (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
You can apply for the Value and Quality Grand Prix Trademark until May 29th!
This year’s Value and Quality Award Competition was announced in…
Read more >According to Márton Nagy, the price of the affected foods decreased by an average of 16 percent as a result of the margin freeze
The margin freeze affects about 1,000 products in 30 product…
Read more >Róbert Zsigó: Monday’s inspections already confirm that traders have started to reduce prices
The government is doing everything it can to ensure the…
Read more >