Global Macro Service > Research Briefings > Eurozone

Eurozone GDP falls back to mid-2000s

Following a 3.6% plunge in Q1, real GDP contracted by a record 12.1% in Q2, meaning a 15% peak-to-trough contraction. The drop in Q2 was in line with our estimate, therefore not triggering any meaningful growth revision. However, while the recovery is ongoing, uncertainty remains elevated regarding the rebound in H2 this year.

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