ZCZC
BCN-08
EU-ECONOMY
Eurozone GDP shrank 6.8% in 2020: Eurostat arp/bmm
BRUSSELS, Feb 2, 2021 (BSS/AFP) – The European economy shrank 6.8 percent in 2020, official data showed on Tuesday, but this was less than expected given the devastating consequences of the covid-19 pandemic.
The first estimate from the EU’s Eurostat agency was much better than the EU commission’s forecast of 7.8 percent.
The agency said that the EU economy as a whole shrank by 6.4 percent in 2020.
BSS/AFP/MSY/1615 hrs