In the second quarter, the GDP of the European Union collapsed by 14.4%. This is a record fall since 1995
The EU economy in the second quarter, according to preliminary estimates, was reduced by 14.4% in annual terms. This was written by Kommersant with reference to the press release of the Eurostat. This is a record fall since 1995. Compared to the first quarter of GDP, it fell by 11.9%. In the euro zone, GDP decreased by 15% in annual terms, in quarterly - by 12.1%. In the first quarter in the EU, the economy decreased by 3.2%, in the euro zone - by 3.6%.