5/18/2021, 11:00 AM (Source: TeleTrader)
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Euro area GDP down 0.6% in Q1

Gross domestic product in the Eurozone (EA19) was down 0.6% in the first quarter of 2021, while in the whole European Union (EU) it decreased 0.4%, Eurostat reported on Tuesday.

Portugal and Latvia recorded the biggest decreases in the GDP, while Bulgaria and Romania posted the largest growth. Year-over-year, the economies of Portugal and Spain declined the most.

Employment decreased by 0.3% on a quarterly basis in both the Euro area and the whole bloc. Compared to the prior year, the employment was down 2.1% in EA19 and 1.8% in the EU.

Baha Breaking News (BBN) / MD