Eurozone GDP fell by 14.7 percent year on year. Month-on-month, the economies of the countries paying in euros fell by 11.8 percent.
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The second quarter was still marked by measures against the spread of covid-19, Eurostat said.
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Of the Member States, Spain’s GDP fell the most between quarters, by 18.5 percent. It is followed by Croatia with a decline of 14.9 percent and Hungary, whose economy fell by 14.5 percent.
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By contrast, the smallest decline between quarters was recorded in Finland – by 4.5 percent. It is followed by Lithuania with a decrease of 5.5 percent and Estonia, whose GDP decreased by 5.6 percent.
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Compared to the previous quarter, household consumption fell by 12 percent across the EU and by 12.4 percent in the euro area. There was also a significant decline in exports – by 18 percent in the euro area and by 17.8 percent in the entire 27.
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