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
Analysts did not expect such a level of GDP growth either – this could be the reason
As we wrote about earlier, domestic GDP increased by 6.5%…
Read more >KSH: GDP increased by 6.5 percent in the second quarter
In the second quarter, the gross domestic product (GDP) increased…
Read more >GKI: Hungarian companies perceive the effects of climate change, but do not invest in environmental protection projects
Most Hungarian businesses perceive the effects of climate change, 50…
Read more >
More related news >
Related news
We are facing the most difficult three months of the Hungarian economy
Increase in utilities, fuel changes, transformation of the kata, drought…
Read more >Farm 2 Fork Stratégia: EFSA tudmányos vélemény a sertéstartás állatjóléti körülményeiről
EFSA has published a scientific opinion on the welfare of pigs…
Read more >There are already grocery chains where you can pay for bulk purchases in installments
A British grocery chain is allowing its customers to pay…
Read more >