According to the flash estimate by Eurostats, Eurozone GDP contracted -0.6% qoq in Q1, matched expectations. Compared with the same quarter of the previous year, GDP dropped 1.8% yoy. Employment dropped -0.3% qoq, -2.1% yoy.
EU GDP dropped -0.4% qoq, -1.7% yoy. Employment dropped -0.3% qoq, -1.8% yoy.
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