EU economy sets new anti-fall record in 25 years

The gross domestic product of the EU countries in the second quarter decreased by 11.9% compared to the first quarter. This was announced on Friday, July 31st, by Eurostat.

EU economy sets new anti-fall record in 25 years

Compared to the same period in 2019, the drop was 14.4%. The fall of the eurozone economy in April-June was 12.1%.

This is the largest drop in 25 years since statistics began. Compared to the figures for the second quarter of 2019, for the eurozone, the drop in GDP was 15%.

The largest reduction was received by the economy of Spain – by 18.5%, Portugal – by 14.1%, France – by 13.8%. The least affected by the coronavirus crisis in the second quarter was the Lithuanian economy, which recorded a decline of only 5.1%.

Comments:

Loading ...