EU Announces Further Success in Degrowth Policy: GDP down by 0.6% in the euro area and by 0.4% in Q1

In the first quarter 2021, seasonally adjusted GDP decreasedby 0.6% inthe euro areaandby 0.4%in the EU,compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. These declines follow falls in the fourth quarter of 2020 (0.7% in the euro area and 0.5% in the EU).

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