Eurozone Q2 preliminary GDP -12.1% vs -12.1% q/q expected

Author: Justin Low | Category: News

Latest data released by Eurostat - 31 July 2020

  • Prior (Q1) -3.6%
  • GDP -15.0% vs -14.5% y/y expected
  • Prior -3.1%
The Eurozone economy posted a record slump in Q2, matching estimates as the impact of lockdown measures and the fallout from the virus outbreak is laid out for all to see. On a more positive note, inflation ticked higher and that will be the more important takeaway for ECB policymakers should the trend be able to be sustained towards the year-end.

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