GDP and COVID-19 in Europe
Aug 03, 2020
A couple of days Eurostat released a preliminary report of the GDP growth rate in the EU and Euro zones. It's not not surprising but the COVID-19 situation and the required mitigation measures have taken a toll in the economy in Europe. The report discussed how "Seasonally adjusted GDP decreased by 12.1% in the euro area and by 11.9% in the EU, compared with the previous quarter," The graph above shows this dramatic trend.