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7/20, 11:24 AM (Source: TeleTrader)
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Eurozone's Q2 contraction to be lower that expected - De Guindos

European Central Bank (ECB) Vice President Luis De Guindos (pictured) claimed on Monday that a drop of the euro area's gross domestic product in the second quarter of 2020 could be lower than expected.

The Eurozone is facing negative growth but it is set to be "slightly better" compared to a 13% decline previously estimated by the ECB, he noted.

De Guindos also expressed hope that governments across the euro area's will come up with a response to the crisis that is "proportionate to the challenge."

Breaking the News / GA