Thursday, April 18, 2024
HomeTop NewsEU GDP declines by more than 1% in Q1; Portugal leads...

EU GDP declines by more than 1% in Q1; Portugal leads fall

Published on

spot_img

The economy of the eurozone is up 1.3 percent from the previous year and the economic growth of the European Union is 1.2 percent. Portugal shows the biggest decline. 5.4 percent compared to the first quarter of 2020. , 3% in the network according to Eurostat.


Portugal Digital with Luci


The European Statistical Office has revised the first estimates of the gross domestic product (GDP) of the Eurozone and the European Union. After forecast, it is down 1.8 per cent and 1.7 per cent in May, respectively.

From January to March, the annual decline of the euro zone and the European Union economy slowed (-4.7%, -4.4%) compared to the previous quarter.

In the first three months of the year, GDP fell by 0.3 percent in the euro area and 0.1 percent in the European Union. After the retreat, it fell 0.6 percent and 0.4 percent in the fourth quarter of 2020, respectively. Portugal has the biggest quarterly decline (-3.3%).

Portugal was the worst-hit economy in the first quarter (-5.4%), followed by Austria (-4.5%), Spain (-4.3%), Germany (-3.1%), Ireland (12.6%) and Estonia (5.0%). , Luxembourg (4.9%) and Slovenia (2.3%) are the largest recoveries in GDP.

Compared to the previous quarter, Ireland’s GDP (7.8%), Croatia (5.8%), Estonia (4.8%) and Greece (4.4%) were the biggest gainers. The major waterfalls are Portugal (-3.3%), Slovakia (-2.0%), Germany (-1.8%) and Latvia (-1.7%).

See also  Destiny: The Winx Saga (Netflix): An Iconic Fairy ...

Latest articles

Top 7 Casino Etiquette Rules Rabona Casino Members Must Follow

Probably many newbies will be surprised, but in a casino, like in a theater...

Innovation in tennis brings opportunities and challenges

The sport of tennis has changed drastically over the last few decades, with the...

5 Ways To Bet Responsibly in Ireland

From the thrill of soaring through the sky while skydiving to the adrenaline rush...

Ireland Must Appoint Carsley Despite Given’s Comments

Stephen Kenny's reign as Ireland manager came to an abrupt end after they failed...

More like this

Top 7 Casino Etiquette Rules Rabona Casino Members Must Follow

Probably many newbies will be surprised, but in a casino, like in a theater...

Innovation in tennis brings opportunities and challenges

The sport of tennis has changed drastically over the last few decades, with the...

5 Ways To Bet Responsibly in Ireland

From the thrill of soaring through the sky while skydiving to the adrenaline rush...