Eurozone contracts in fourth quarter
The EU’s statistics agency says GDP fell by 0.7% in the fourth quarter of 2020 — beating estimates
02 February 2021 - 17:02
Brussels — The eurozone economy shrank less than expected at the end of 2020, though it remains on the verge of a double-dip recession amid a slow rollout of vaccines.
GDP declined 0.7% in the fourth quarter, compared with estimates for a 0.9% drop. Germany and Spain both posted surprise economic expansions in reports last week. Italy reported a contraction of 2% earlier on Tuesday...
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